Summit Funding Selects Riivos Mortgage Lending™

SAN FRANCISCO – March 1, 2017 – Riivos, Inc., a leading provider of cloud-based applications for real-time, dynamic scenario comparison and analysis, today announced that Summit Funding, Inc. has selected Riivos Mortgage Lending™ for continuous reforecasting.

Riivos 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.

“Riivos 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 Riivos,” 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, Riivos 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 Riivos helps significantly streamline productivity is in branch performance and analysis,” said Jared Huff, managing director of Riivos. “With Riivos, 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.”