Modex measures production, professional experience, market conditions, and other factors such as location to assign each loan officer a Modex Score of 0 to 100, enabling you to evaluate a loan officer's productivity and profitability at a glance.
The key to the Modex Score is the fact that it's geographically peer based. The importance of the geographic peer based weighting is not all loan officers around the United States are the same - so we cannot score them the same. A loan officer in Seattle is doing much different production than a loan officer in Little Rock.
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Look beyond total loan officers at a branch or company and understand how many of them are actually producers. This is especially helpful with credit unions, banks, and depositories.
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