Fintech Hunting Podcast episode #177 with the highly insightful Jim Deitch, CMB Co-Founder & CEO of Teraverde

Ladies and gentlemen welcome to a dynamic and interesting episode of the Fintech Hunting Podcast! In this episode, we have a special guest, Jim Deitch CMB, co-founder and CEO of Teraverde, who is not only an industry thought leader and tech innovator but also an expert in lending profitability with significant financial services expertise.   The conversation discusses to the rising costs of loan origination, a challenge that lenders are grappling with. Jim explains that the industry still hasn't right-sized its workforce or optimized operational and origination processes.    Michael and Jim discuss the importance of understanding each loan and employee's cost structure and profitability and how technology can be leveraged to alleviate rising costs and increase efficiency.   The episode concludes with Jim's call to action for lenders to drive their business forward by focusing on cost reduction, efficiency, and delivering a better customer experience. He emphasizes that looking ahead and embracing change is crucial for long-term success and that the low-cost producers will be the winners in the industry.   Tune in now to stay ahead of the curve in the ever-evolving world of lending!