Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net production profit of $1,201 on each loan they originated in the third quarter, according to MBA’s Quarterly Mortgage Bankers Performance Report.
Tag: QPR
MBA Chart of the Week July 17, 2023: IMB Production Expenses Vs. Gross Production Expenses
In May, MBA Research released the first quarter results of its Quarterly Mortgage Bankers Performance Report (QPR). Total loan production expenses – commissions, compensation, occupancy, equipment, and other production expenses and corporate allocations – increased to a study-high of $13,171 per loan in the first quarter.