News & Insights

This year, many mortgage lenders have faced huge hits to their revenues. According to the Mortgage Bankers Association, independent lenders reported an average net loss of $543 per loan origination in the second quarter of 2023. Meanwhile, mortgage demand has plummeted to a 28-year low. With rising loan origination costs and dwindling demand, many mortgage lenders are feeling the pinch … Read More

Did you know that mortgage applicants say an exceptional borrower experience is nearly as important to them as receiving the best rate? Unfortunately, only 42% to 67% of borrowers are satisfied with their borrower experience, according to a McKinsey & Company survey done on 1,200 residential mortgage customers. Providing an exceptional borrower experience is crucial if you want to succeed … Read More

This year, consumer debt reached a staggering $17.06 trillion. This spike in consumer debt can be attributed in large part to inflation. With so many products and services costing more, many Americans simply don’t have enough money at the end of the month to make ends meet. As a result, many are relying on credit cards and loans to bridge … Read More

Research shows that tackling life’s challenges with an empowered attitude is what separates people who are successful from those who aren’t. In psychology, this concept is known as your locus of control. Having an internal locus of control means that you believe you’re the ultimate arbiter of your outcomes. In contrast, having an external locus of control means that you … Read More

Strategies for Optimizing Loan Origination, Boosting Your Bottom Line, and Improving Your Borrower Experience. From interest rates to housing prices, the current mortgage market is characterized by record-setting volatility. As a result, borrowers and lenders are uncertain about what the future holds and when it will be the right time to start making moves. While market conditions may be out … Read More