NRL Mortgage has deployed Riivos Mortgage Lending's forecasting, planning and reporting application to help them analyze and capitalize on growth opportunities. NRL Mortgage is majority owned by St. Christopher's Holdings LLC, a privately owned holding company based in Houston.

The technology integrates key, disparate mortgage lending data and systems, LOS, payroll, hedging execution systems and others, to provide executives and their teams transparency into the financial effects of changing market conditions and business decisions.

"We are expecting a challenging environment over the next few years and need a financial budgeting, reporting and forecasting solution that can help us continue to maximize profitability," said Joe DeDominicis, chief financial officer at NRL Mortgage. "The Riivos team serves as a trusted advisor to independent mortgage banks and banks, so they delivered a solution that is customized to our operation and reduces our dependence on manual, Excel-based planning."

The technology is designed to help executives and their teams drive accountability and improve performance across the entire mortgage origination value chain, delivering more basis points to the bottom line. And Riivos mortgage applications calculate and track key metrics—such as gain on sale, including valuation of IRLCs and loans held for sale—so teams have up-to-the-minute data on where they stand relative to financial and operational goals.

"For mortgage originators interested in driving more money to the bottom line, the first step is to put the right planning and forecasting system in place," said Michael McFadden, Group Head of Riivos Mortgage. "The next is creating a feedback loop and culture of accountability so employees begin feeling and acting like owners."