Posted To: Pipeline PressIn my travels around the States, I see that some lenders are nervous. Yes, margins appear to have, for the most part, stopped compressing dramatically. Many lenders have exited, as have low-producing production staff. Staff reductions will continue. But veterans of the biz know that summer is basically over, in terms of the locked pipeline. Many locked loans will fund in September and October. Autumn is around the corner, and winter is coming… neither of which are traditional high purchase volume seasons. And it is doubtful that lenders will have large number of refinances to cushion any seasonal volume blows. Survival of the fittest… and of those with the lowest cost to produce to outlast competitors. Capital Markets MCT is proud to announce new functionality that delivers real…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631