Marketing, Ops Jobs; Non-QM Products; Ginnie’s Bright Resigns

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Posted To: Pipeline Press

Let’s see… How much does it cost you to produce a residential loan? Pizza for the shippers, underwriter bonuses, copy paper, HP-12C batteries – it all adds up, and pretty soon you’re over $8 grand a loan! Boston Consulting Group released a new white paper exploring how, in the face of rising rates and increasing mortgage production costs, lenders are turning to digital solutions to combat margin compression and create a market advantage. “Despite production revenue per loan increasing 20% between 2012 and 2017, production costs have risen more quickly, going from just over $5,000 to more than $8,000 per loan in the same time frame, a 57% increase. The result? A 68% decline in net production income per loan during that stretch.” Lender Products, Training…(read more)

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