Alight adds one of the largest US independent mortgage lenders to its roster of customers, providing integrated financial forecasting, scenario analysis and real-time reporting
Alight Inc., the fast-growing provider of industry-specific realtime financial optimization applications, today announced that Guild Mortgage, one of the largest independent mortgage lenders in the US, has selected the Alight Mortgage Lending™ platform to refine its forecasting process. Guild Mortgage was founded in San Diego in 1960 and has since grown to more than 250 branches across the nation.
Alight Mortgage Lending is the mortgage industry’s only platform for real-time financial forecasting and scenario analysis. Custom built for the mortgage industry, Alight Mortgage Lending allows lenders to directly connect financial forecasting to the general ledger, loan origination systems and capital markets providers.
“With Alight’s real-time financial forecasting, we’ll have better visibility across all levels of our company,” said Amber Elwell, SVP finance at Guild Mortgage. “Having the ability to regularly run scenario analysis will help us respond to marketplace changes more quickly to better manage future needs of the business.”
Using Alight, management can see the financial impact of every decision, before they make it. The Alight platform allows users to run limitless numbers of scenarios and see the ripple effects of these changes across the P&L, balance sheet and cash flow.
“The addition of Guild to our growing roster of customers is a pivotal moment for Alight,” said Jared Huff, group head of Alight Financial Services. “As one of the largest lenders in the US, Guild is a great example of how our system helps integrate company financials across any number of branches to provide up-to-date, accurate visualizations of their financial future.”
The Alight Mortgage Lending platform allows for integration across the enterprise creating different dashboard views for each user and customizing each view to include the information most important to them. With Alight, teams can run and compare base/best/worst case scenarios and have confidence in the best path forward.
“The impact of Alight will touch all aspects of our business, from day-to-day operations to the board reporting and long term strategic planning,” Elwell said. “Alight allows us to provide the board with multiple scenarios to determine the operational and financial needs of the organization throughout ever-changing market movement.”
About Alight, Inc.
Alight is a fast-growing provider of industry-specific, cloud-based applications that give customers the power to see the financial impact of every decision, before they make it. Alight works with firms in mining, mortgage banking and high tech. For more information: alightinc.com.
About Guild Mortgage
Guild Mortgage Co. was founded in 1960 as a home financing company for American Housing Guild in San Diego, California. Guild broadened its range of services in 1972 by including resale mortgage financing. After decades of successful innovation and growth, Guild Mortgage Co. is now a nationally recognized mortgage banking company with 234 branch and satellite offices in 25 states. It generated loan volume of $13.8 billion in 2015, up 86.1 percent from $7.4 billion in 2014. Its servicing volume reached $22.3 billion in 2015, up 34 percent from $16.6 billion in 2014. In addition, Guild has correspondent banking relationships with credit unions and community banks in 47 states. (Equal Housing Lender- Company NMLS #3274). For more information: guildemortgage.com.