Here’s some good news for a change. According to Zillow, in 2015 we should see a wave of new homebuyers coming from the ranks of current renters (Renters). As more and more people are renting, for one reason or another, two things have happened. There are fewer affordable rental units and the rents for those units is rising; the rule…
Category: Mortgage Industry Trends
Where Have All the LOs Gone?
I believe the biggest challenge facing lenders today is not complying with the upcoming TRID changes or anything in the regulatory area, but how and by whom they originate business in the future. We are an industry dominated by production, with a constant drive for more and more business. Look at job boards and postings and you’ll find the vast…