A range of mortgage service providers have integrated their offerings into several loan origination systems. The integrations promise to make access to the products easier.
Stratmor Group reported in its STRATMOR Insights newsletter that cost per loan doubled between 2005 and 2015, while productivity was cut in half during the same period.
Cost per loan was up 150 percent for retail lending, 166 percent on consumer-direct originations, 202 percent for broker lending and 82 percent on correspondent lending.
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From:: Financing