Navigating The True Cost of Mortgage Operations

In the fourth quarter of 2023, independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $2,109 on each loan they originated—almost 2X the $1,015 lost per loan in Q3. This staggering trend underscores the increasing challenges in mortgage production costs. According to the Mortgage Bankers Association, net production has been in the red for seven consecutive quarters, posing significant concerns for lenders of all sizes.

How can mortgage lenders respond to these mounting costs while maintaining profitability? Join us for a webinar featuring a panel of industry experts, including Rob Chrisman of Chrisman Commentary, Kevin Peranio of PRMG, and Richard Grieser of Truv. Together, they’ll explore the key factors driving the high cost of mortgage origination, share insights into current trends, and offer actionable strategies for streamlining your operations.

You’ll hear real-world examples of how lenders have successfully reduced production costs through technological innovation and process optimization. Our panelists will discuss case studies demonstrating how one lender reduced the costs of verifications per loan from 8 bps to 3 bps, and others cut verification costs by 80%.

You’ll also have the opportunity to engage in a live Q&A session to ask our panelists specific questions and seek tailored advice. Don’t miss this opportunity to learn how to turn the tide on rising costs and gain a competitive edge in the mortgage industry.