Cherrywood Mortgage Launches Proprietary ‘C-PRO’ Tool and Dashboard, Advances Industry Standard for Service
Summary
“When we set out to create this tool, our focus was on optimizing brokers’ time by giving them the power to potentially close loans faster and coordinate the customer relationship even better,” said Ed Resendez, president & chief operations officer at Cherrywood Mortgage. Automating the financing process shows our dedication to 100% client satisfaction.” The launch of C-PRO comes on the heels of other innovative tech-led initiatives from Angel Oak aimed at improving the experience for borrowers and brokers alike. Last year, Angel Oak Mortgage Solutions implemented the QuickQual tool, which enhanced efficiency for brokers in the non-QM space by greatly improving the prequalification process. “Cherrywood’s successful integration of C-PRO is a foreshadowing of where the small-balance commercial lending industry is heading,” said Mike Fierman, managing partner and co-chief executive officer at Angel Oak Companies. Through its integrated credit and investment platform, Angel Oak Companies delivers solutions across asset management, lending and capital markets.