Independent Mortgage Banks’ Profits Per Loan Surge in 2019

National Mortgage Professional, Apr. 17, 2020–Keith Griffin
Independent mortgage banks and mortgage subsidiaries of chartered banks saw their profits per loan increase four times over their 2018 numbers. Profits spiked because production costs per loan dropped dramatically. The numbers were released in the Annual Mortgage Bankers Performance Report, put out by the Mortgage Bankers Association.