“Surveyed lenders cited personnel expenses as the primary factors driving up loan origination costs over the past two years,” said Doug Duncan, Fannie Mae’s SVP and Chief Economist.
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Survey: Lenders Tightening Budgets
Doug Duncan, SVP and Chief Economist at Fannie Mae, comments on the most recent Mortgage Lender Sentiment Survey, which found that major lenders are working on cutting costs amid a tumultuous real estate market.
Read More »The Top Challenges Lenders Are Facing in 2018
From continuing compliance pressure to the possibility of declining originations, there’s a lot on a lender’s mind this year. Click through to learn more about some of these challenges and their possible solutions.
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