Lenders that hunkered down during the last two major industry downturns are no longer in the business, while those that leaned in and innovated during the same period emerged as industry leaders. Now is not the time for timidity. In fact, leading lenders are leaning into innovation now. There are at least three good reasons to do so.
Tag: Business Strategies
Mark P. Dangelo: In Perspective, the Fragmentation of the Mortgage Industry
Reimaging of the mortgage markets has begun—driven by shrinking margins, rising rates, and inflationary pressures. Yet, for all the actions since 2010 involving data standards, digital transformations, and customer experiences, what is missing? Who will be left standing as the next cycle takes form and the mortgage industry is digitally reimaged?
Jennifer Dozier: Four Ways for Mortgage Lenders to Maintain a Competitive Advantage During a Volatile Market
When the mortgage industry is in a constant state of change, it’s important for lenders to stay on top of their game. With new reports coming out every day about market dynamics, competitive pressures, supply shortages and the persisting economic impacts of the global pandemic – mortgage lenders may be seeking ways to remain profitable and compliant.
Marvin Chang of Mortgage Hippo: Three Reasons Lenders Must Lean Into Innovation
Lenders that hunkered down during the last two major industry downturns are no longer in the business, while those that leaned in and innovated during the same period emerged as industry leaders. Now is not the time for timidity. In fact, leading lenders are leaning into innovation now. There are at least three good reasons to do so.
Jim Paolino of Lodestar: By the Numbers–Did Increased WFH Opportunities Help Spur Home Buying in Metro Suburbs?
Two years after the height of the COVID lockdown, there’s lots of new data available to prove (or disprove) some of the early predictions and observations regarding home buying patterns and trends.
Mark P. Dangelo: In Perspective, the Fragmentation of the Mortgage Industry
Reimaging of the mortgage markets has begun—driven by shrinking margins, rising rates, and inflationary pressures. Yet, for all the actions since 2010 involving data standards, digital transformations, and customer experiences, what is missing? Who will be left standing as the next cycle takes form and the mortgage industry is digitally reimaged?
Dale Larson III of Modex: The Data-Driven Evolution of Loan Officer Hiring
According to a 2019 McKinsey study, lack of production data is the number one cause of poor hiring decisions across the mortgage industry.
Mark P. Dangelo: In Perspective, the Fragmentation of the Mortgage Industry
Reimaging of the mortgage markets has begun—driven by shrinking margins, rising rates, and inflationary pressures. Yet, for all the actions since 2010 involving data standards, digital transformations, and customer experiences, what is missing? Who will be left standing as the next cycle takes form and the mortgage industry is digitally reimaged?
Marvin Chang of Mortgage Hippo: Three Reasons Lenders Must Lean Into Innovation
Lenders that hunkered down during the last two major industry downturns are no longer in the business, while those that leaned in and innovated during the same period emerged as industry leaders. Now is not the time for timidity. In fact, leading lenders are leaning into innovation now. There are at least three good reasons to do so.
Jim Paolino of Lodestar: By the Numbers–Did Increased WFH Opportunities Help Spur Home Buying in Metro Suburbs?
Two years after the height of the COVID lockdown, there’s lots of new data available to prove (or disprove) some of the early predictions and observations regarding home buying patterns and trends.