Paramount Residential Mortgage Group has announced that Aimee Eller, a mortgage banking expert with more than 25 years of industry experience, has joined PRMG’s executive senior leadership team.
Read More »IMBs Report Profit Losses in Q2
With IMBs reporting an overall net loss of $82 on each loan they originated in Q2, one analyst notes that “the second quarter of 2022 did not yield the usual Spring seasonal pick-up in purchase activity."
Read More »Lender Trend Watch: Signing Bonuses, Structure, Data, and Tools
Signing bonuses are a widespread practice within the mortgage business, and STRATMOR Group Senior Partner Jim Cameron analyzed the industry’s approach toward them by highlighting how bonuses are structured, and how new data and tools can help lenders understand more about the potential of the loan officers they're retaining.
Read More »IMB Profits Decrease in Q1
The closings-to-application ratio declined by five percentage points in Q1, affecting both revenue and cost, while rising mortgage rates and low housing supply resulted in lower production volume.
Read More »IMBs Suffer Production Profit Decrease
The average loan balance for first mortgages increased to a new high of $312,306 in Q4, resulting in negative net gains on each loan originated.
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