5 Misinterpretations of Outsourcing Mortgage Loan Processing

Have you always thought that outsourcing mortgage loan processing is a bad choice? If yes, read this blog entry to find out the five common misinterpretations that mortgage companies have when it comes to outsourcing.

A mortgage loan has just been approved. Now the real work begins. The long and hard task of performing all the functions required to service the loan. If you are currently servicing mortgage functions in-house, you must know that there are huge benefits that comes with outsourcing responsibilities to a third party. Lower cost, robust technology and assistance with compliance are just few of the benefits. Why then are there only a few mortgage companies who are outsourcing? This is because of the common misinterpretations surrounding outsourcing mortgage loan processing.

Let us explore five of the biggest misinterpretations that surround the outsourcing of mortgage loan processing.

  1. The credit union has the same per-loan cost to service in-house as with an outsourcing service provider

    Very often, when mortgage loan processing is done in-house, companies fail to include several variable and fixed cost like licensing fees, office supplies, postage, training cost and staff salaries to name a few. All of these costs are customary when servicing a mortgage. Other costs include costs that stem from servicing mistakes like compensatory fees. When true comparisons are made, the findings clearly reveal the substantial savings that can be gained by choosing to outsource.

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3 Big Reasons to Outsource Medical Transcription

Are you spending unnecessary time, effort and cost on building up an internal transcription team? Read this blog post to find out why your hospital should outsource medical transcription.

Whether you are a licensed physician or a hospital executive, outsourcing medical transcription can be the best decision you take this year. Instead of spending unnecessary time on building an internal transcription system, your practice or hospital can invest on outsourcing. From voice to text needs, a team of professional transcriptionists can carry out your medical transcription in a cost-effective and timely fashion.

Is your healthcare facility considering whether to make the switch towards outsourcing? Are you still feeling unsure if you are making the best decision? Read more to find out three of the biggest reasons why you must outsource medical transcription.

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Why Your Enterprise Should Use Cinemagraphs?

Do you only use GIFs in your advertisements? It’s time to move ahead and start using cinemagraphs instead. Cinemagraphs can improve your click rate and keep your users engaged for longer. Read this blog post to find out more about cinemagraphs.

Are you aware of an asset that is very effective, yet not widely adopted? It is the cinemagraph. Invented in 2011 by Jamie Beck and Kevin Burg, these digital images, feature subtle movements, while mostly being still. Did you know that your creative team can also use cinemagraphs? Yes, it’s true. Movement in an image does have magic in marketing. Research has shown a drastic increase in user engagement when using animated GIFs or cinemagraphs

Benefits of using cinemagraphs

Organizations have recorded a higher transaction-to-click rate when using cinemagraphs. Cinemagaphs are well suited for enterpises who want to advertise on social media platforms like Facebook, Twitter and Instagram. Research has shown that there was a steep 110% increase in user engagement when using cinemagraphs over still images. Apart from an increase in the click through rate, cinemagraphs have also acquired more likes, shares and comments. All of this leads to better conversions.

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4 Statistics that Prove the Value of Outsourcing Content Writing

Do you want to know why your enterprise should outsource content writing? Here are 4 statistics from recent research that prove the point.

As your enterprise climbs up the corporate ladder, the importance of content creation becomes all the more pronounced. It’s an assumption that you will receive the same results by developing content in-house as opposed to outsourcing content writing to a team of professionals. This is simply not true.
With this thought in mind, let’s examine four statistics (as per recent research) that prove the value-add that comes with outsourcing content writing services.

1. Only 42% of business marketers think they are effective at creating any kind of content

Though “content is king”, only a small number of marketers believe they understand what is needed to create effective content. This definitely indicates a huge need for professional writing services. Without knowing about content writing, it can be difficult to develop useful content that creates good results.

A skilled content writing agency can understand which type of content can perform better in which type of industry. A content writing company can help a business decipher how to position their content and what changes the content should go through to be as efficient as possible. This can be of great value to a company that is looking to boost its effectiveness and develop a better content strategy.

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Should You Outsource SAP Support Services?

Are you on the verge of deciding to either outsource SAP support services or hire an in-house team? If yes, read this interesting comparison between outsourcing and in-house SAP support services.

While outsourcing SAP support services can bring in strong expertise, an in-house team can give you better accessibility. Which option should you choose and why? The choice is indeed a tough one! While the best step ahead would be to hire a team of in-house SAP experts who would work in tandem with an external team of SAP specialists. It is however difficult to get the best of both the worlds at times. Here is a comparison of outsourcing SAP support vs. hiring an in-house team of SAP experts. We hope that comparing both the scenarios can help you decide which would work best for your business!

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The What, Why and How of Data Mining Explained

Data mining can help your business improve customer services, identify high-risk clients, target marketing campaigns and accelerate processes. Read this blog post to find out more about data mining.

Have you been hearing a lot about data mining, but never really tried it for your business? Did you know that data mining has been proven to improve customer services, identify high-risk clients, target marketing campaigns and improve processes? Yes. It’s true that data mining services can help your company save on cost, while increasing your revenue. Data mining can be applied in any area of your business to help you identify and exploit predictable outcomes.

Let us explore the what, why and how of data mining to understand why your enterprise must invest in data mining services right away.

  1. What is data mining?

    Data mining refers to the process of sorting through large data sets to find and describe patterns, discover relationships and predict upcoming trends based on the relationships and patterns.

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Why Your Business Needs Monthly Accounts Reconciliation Services?

A monthly accounts reconciliation statement can do much more than only showing you the practices that are unbalancing your account. Here are five ways an accounts reconciliation service can help your business every month.

If you want to run your business smoothly, you must conduct a monthly account reconciliation processes at the end of each month. This will facilitate a flexible account handling throughout the month. An accounts reconciliation service carried out every month can help you evaluate which practices are unbalancing or affecting your account.

Account reconciliation services can confirm whether there is a match between your account balance and the corresponding bank statement. By carefully verifying the accuracy of your account, errors can be identified, inconsistencies can be corrected and the final balance will reconciled accordingly. Accounts reconciliation is often left aside because of lack of time or the right personnel. However, through outsourcing, you can get access to best-in-class services that can give you big savings in terms of cost, time and effort.

Let us explore the five benefits of outsourcing accounts reconciliation.

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6 Benefits of Outsourcing Millwork Drawing Services

Are you unhappy with your manufacturer’s choice of design, size or wood? Outsource millwork drawing services and get access to tailor-made interior wood construction.

Customized interior wood construction is a highly requested feature in many high-end residential projects as well as commercial and public structures like hospitals, banks, churches and libraries, where pre-fabricated caseworks and cabinets are not easily available. Instead of falling under the constraints of the manufacturer’s choice of design, size or wood, high-quality decorative and cabinet wood are often designed as per specifications through outsourcing.

Are you looking for a dedicated team who can handle your millwork drawings and assist your architects to create architectural millwork and cabinet shop drawings to complete your projects on time? If yes, what you need is outsourcing. Getting your millwork outsourced can bring a drastic reduction on the cost of hiring engineering personnel and equipment. Whether you are a designer, architect, building contractor or head of a woodworking shop, you can benefit from outsourcing.

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How to Perform a Competitive Analysis in Five Steps

Do you want to know more about the competitors who are offering a similar product/service? A competitive analysis can show you what your competitors are doing differently and areas where you can improve. Here is how you can do a competitor analysis in 5 steps.

There are other companies offering the same service or product as your enterprise. How do you gain an edge over your competitors? Simply knowing what your competitors are offering is not enough. To stay one step ahead of the crowd, you will need to conduct a thorough competitive analysis on a regular basis.

Here is a simple 5 step process to help you complete a detailed competitive analysis

  1. Identify your competitors

    Start by identifying your top ten competitors. Do you know them? As a company at the national level, you are competing with possibly hundreds or even thousands of companies trying to catch the same group of qualified leads. You have no idea who most of your competitors are. You might know one or two companies you are competing with, but outside them you are confused and lost. Apart from using Google, another great way to find out your top competitors is to use market research. With the aid of competitor analysis, you can look at what other companies are ranking for a particular keyword and how your enterprise stacks up against them.

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4 Benefits of Medical Answering Services

Medical answering services can give your hospital the flexibility of answering the calls of your patients on a 24/7 basis, without having to stop proving medical attention to the patients at your hospital. Read more about the benefits of outsourcing medical answering services.

Do you find it inconvenient to answer calls, when attending to the needs of a patient? If yes, what your healthcare center or hospital requires is phone answering services. With the assistance of professional answering services, all the questions of your patients can be answered and appointments can be booked without you having to shift your focus away from patient care. Still not convinced? Here are 4 reasons why your hospital should opt for medical answering services.

  1. Focus on taking care of your patients

    When you opt for medical answering services, you can give your nurses and physicians more time to cater to the needs of patients or to complete other critical tasks. Although answering the queries of patients or booking appointments on the phone is important, you must understand that most of the money brought to your hospital is from patients who are already there. Focussing on your patients, without being distracted by answering calls can make your patients feel cared for. You can also stay clear of bad reviews being posted online about your hospital.

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