Tag Archives: Loan Officer Surveys

The percentage of banks reporting stronger demand for mortgage loans dropped in the first quarter from the fourth quarter last year, and a slightly greater percentage are reporting easing lending standards, the Federal Reserve Reported Monday. In the case of "traditional" mortgage loans, 4.6 percent of banks reported standards easing somewhat. While the survey results suggest a direction of lending standards, they could be misleading: A bank which has tightened lending standards as much as possible may not ease them but cannot tighten further.

Twenty-four percent of loan officers think their firm leaders lead with "unclear" and "illogical" visions, according to a recent survey. Hammerhouse, LLC, a recruiting and strategic growth firm for the financial services industry, recently released a survey it conducted with loan officers. The findings touched on leadership, culture, business, and technology for loan officers from around the residential mortgage lending industry. Thirty-two percent of mortgage industry professionals believe their firm's technology needs an upgrade.