As we close in on the end of the year and reflect back on 2018, there are a number of lessons to be learned. 2018 has proved to be more difficult for mortgage lenders than anyone anticipated or prepared for.
The severe margin compression at the start of the year—felt most dramatically in Q1, with mortgage lenders reporting losses for the first time since 2014—refused to let up as the year continued. Unfortunately, the 2019 outlook doesn’t look much brighter, with profitability struggles and inventory shortages to persist.
2018 gave us a taste of what’s to come in 2019, but what have we learned from our struggles this year that can reap positive impact on the coming year?
Maxwell sat down with a few mortgage executives to understand what insights lenders should take away from 2018 to remain competitive in the 2019 market. Our new eBook, “The 2018 Mortgage Executive Year in Review,” details those insights and offers actionable tips for navigating the margin-compressed, purchase-heavy market that awaits us in 2019.