Kelly M. Adkisson is a Managing Director with Accenture Credit Services, which offers consulting, process re-engineering, systems integration and management, and business process outsourcing services for residential mortgage, commercial lending, leasing and automotive finance lenders and servicers.
Bank loyalty is not a factor for borrowers in shopping for a mortgage loan. Borrowers tend to select a mortgage originator based on product, price and their expectation for a convenient transaction process.
There is little debate that the refinancing wave is winding down and we are approaching a return to a purchase mortgage market. But as refinances retreat in the face of rising interest rates and the housing recovery continues to drive up purchase volume, lenders can expect a significant period of transition.
Brickman takes to helm of one of the largest mortgage companies in the U.S. today, and while times at the government-sponsored enterprise are filled with uncertainty, Brickman sees nothing but excitement for the future of Freddie Mac.
When buying a home, many Americans consider a 20% down payment to be the norm, the ideal amount of money to put down to get a conventional mortgage with no private mortgage insurance and to keep monthly payments reasonably affordable.