Maximizing Servicing Revenue Requires Stringent QC Processes

MBA NewsLink

Published February 14, 2023

Mortgage applications have been on the rise for the last three weeks. As we began the year at record-low applications since 1996, this is some much-needed optimism for the industry. However, 2023 is still expected to be a challenging environment. Fannie Mae projects that single-family mortgage origination volume for 2023 will decline 20% from $1.66 trillion to $1.33 trillion, along with a 20% decline in home sales. As a result, margins will continue to be lean as origination activity slows and lenders earn less per loan. Thus, other revenue streams become even more critical in an environment where lenders are hunting for every loan.

View Article Source →

View all news

Improve Productivity And Quality While Controlling Costs And Risk

Request a demo