Mortgage originations will continue to plummet in the months ahead after the industry experienced two years of record-breaking production. Increasing rates, tight housing inventories and productivity issues mean lenders will have to adjust accordingly.
With total originations expected to shrink 35%, (from $4 trillion in 2020 and 2021 to $2.5 trillion for the next three years), some lenders will be on the losing end of the equation. With the cost to originate a loan still peaking at over $9,000, along with shrinking pipelines, the lenders who do not have control of their data and process flow will be forced to eliminate jobs. Some lenders will struggle for profitability, while others will struggle for survival.
But what if you had an unfair advantage in this climate? This white paper will cover how you can tap into an unfair advantage that helps you not only survive, but thrive.
Date: April 2022