Summit Funding Selects Alight Mortgage Lending™
California-based lender teams up with Bay Area fintech company for real-time scenario analysis.
SAN FRANCISCO – March 1, 2017 – Alight, Inc., a leading provider of cloud-based applications for real-time, dynamic scenario comparison and analysis, today announced that Summit Funding, Inc. has selected Alight Mortgage Lending™ for continuous reforecasting.
Alight Mortgage Lending is a cloud-based enterprise application that allows mortgage bank CEOs, CFOs and their teams to run real-time scenarios and what-if analysis to quickly and easily determine future outcomes under dynamic market conditions, including the impact decisions and changes may have on cash flow and financials.
“Alight will help us see the potential financial impact of moving markets on our overall portfolio, P&L and Balance Sheet,” said Summit’s Director of Finance, David Dumitru. “I am excited about doing our FP&A via Alight,” Dumitru continued, “the forecasting for headcount, cash and loan volume based on criteria are key metrics we will be looking at.”
Accessible from anywhere, any time and from any device, Alight provides mortgage bank senior management and key team members—from CEO to branch managers and other division leaders—permission-based access to the information they need, when they need it. And customized dashboard views provide the information that’s most important.
“One area where Alight helps significantly streamline productivity is in branch performance and analysis,” said Jared Huff, managing director of Alight. “With Alight, running various branch expansion scenarios or optimizing for headcount in changing markets can be done quickly and routinely,” Huff said, “Given what’s on the horizon for 2017 and Summit’s projected growth plans, we are delighted to be on board to help the team at Summit manage their future.”
About Alight, Inc.
Alight, Inc. is the leading 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 other industries. For more information: alightinc.com.
About Summit Funding, Inc.
Summit Funding is a national retail mortgage lender experienced in purchase and refinance lending by a team dedicated to changing people’s lives. At Summit, the consumer comes first and our lending specialists are dedicated to closing loans that meet your unique needs. Summit Funding, Inc. NMLS ID# 3199. Licensed by CA Dept of Business Oversight #6072526, CA Bureau of Real Estate #01220358, AZ Lic# 0925837, GA Lic# 39456. Summit Funding, Inc. is an Approved Equal Housing Lender. For more information: summitfunding.net.