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In this case study Sawtooth Technologies conducted research into consumer preferences regarding mortgage product lines, modeled preferences for client and competitive products, and recommended an unexpected product strategy.
A major U.S. bank faced declining growth and increased competition in its residential mortgage business. The challenge was to determine product strategies to return the bank to its position of strength.
The initial expectation—the client’s and ours—was that we would propose changes to the existing set of over a dozen products, but we were all surprised to see that the client’s share held up as products were removed from their line. We recommended a streamlined set of mortgages, cutting the product line in half, that the model predicted would strengthen the client’s market position.
This content was provided by Sawtooth Technologies. Visit their website at www.sawtooth.com.
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