Broker, Correspondent, Digital Products; Promotions, Layoffs, PE-Owned Lender Closures

Home / Blog / Broker, Correspondent, Digital Products; Promotions, Layoffs, PE-Owned Lender Closures

Posted To: Pipeline Press

“Rob, is any lender making money out there?” Well, what’s the old “joke?” “How do you get $5 million in the mortgage biz? Start with $10 million!” Not so funny when it’s real. Few companies are prospering, and what I hear more is, “We hope to outlast our competition by cutting costs and since we have deeper pockets.” Does that mean whichever company can lose more will outlast the others? Any lender making money deserves a big “congratulations” because it is very rough out there, whether it is margins, higher rates & volatility, seasonal factors, production staff not wanting to make moves until after year-end, whatever. And it is a lot easier to be a manager when your company is expanding than when you’re contracting...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagen...

94e3aff6 b844 4d75 98f7 beb37bebc932 b4d64e65 5afd 408d b40f b36b0faee3f2 f6b6c49a 1aca 48b2 8a1a d2ee8dedfd34 77d37e60 8d31 4601 bef6 fc4a72c68fd0 8e2831e4 88f0 4878 ad22 dd885c070f46 961c6196 f93b 4462 80fd e6c5e51b1fc0 079acdd7 03a0 41b5 b072 525dd21686be eeeb7dc5 5291 4fd7 b5d9 8c897b86e8ef 73a2c7d8 e027 4a7b b229 4cd9e1d3cde7 2f53ee82 7397 4f01 92c9 c9466aca16e7 b5c8c6e2 5858 41b9 9fdb 4ee9513dfe28 c62604a7 4d5b 44e5 8148 3f55f7d93937 bbc2153f 9cbb 463a 934e 0107e5f821d6 ffb37e9d 1a00 4f25 834a 56bbb9bb1395 ecd81e5b 415b 41c6 99f5 c308bb42ab8b ca7360a2 1af0 485a 88ec f49e29ef404b 096832c6 b97d 476a 8cf2 9612e1a32903 e1cbd4d4 1e0e 4edb a36b fb7ff23b0dea 6f910c7c 3471 4c80 95ef 8d7f56d63576 21fc133f c42c 4899 a700 3f97d31ed3e4 137cbf5e 980e 4d24 af14 20c1e8927002 3085a0f6 0e00 4706 a595 5dae11526dd1 0539cdf9 4af3 4f80 b608 5278f49cd571