If you’re looking to drive loan volume in today's challenging conditions, it’s time to explore ways to tap into new markets. Expanding your mortgage footprint—whether through new products and channels or by reaching new geographies—can successfully insulate your business against economic and interest rate volatility by diversifying your sources of volume and revenue.
Entering the mortgage lending space offers powerful value to both de novo entrants new to the space and existing banking and credit union business models through a variety of revenue-enhancing benefits. Let's explore the top five reasons to consider entering mortgage lending.
My best piece of advice for lenders looking towards the rest of 2024 is to increase focus on untapped market opportunities. That means taking a deep look at borrower needs in their target markets and figuring out feasible ways to meet those needs through diverse loan offerings.
We sit down with Patty Arvielo (President & Co-founder, New American Funding) to talk about diversity and inclusion in the mortgage industry. Patty is well-known across the industry for her... Read more »
Principle-first thinking means formulating strategies and taking action based on a set of agreed principles. Let’s review the top communication tips for mortgage lenders that enable effective loan communication. Every... Read more »
We all know the industry is in a state of margin compression, and will most likely continue to be for the foreseeable future. One of the most important levers... Read more »
It’s official: millennials have now surpassed baby boomers in terms of population numbers. With the older subset of this massive demographic now reaching early-to-mid 30’s, it’s therefore unsurprising that millennials... Read more »
8 steps loan officers can take during the fall to plan ahead for a great 2018. There’s a problem with New Year’s resolutions. According to a commonly cited statistic,... Read more »
Many mortgage companies claim to offer the same thing: loan professionals that go above and beyond for their clients. But what exactly does that entail? If you’re a mortgage broker... Read more »
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