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 per loan—almost 2X the $1,015 lost per loan in Q3. This trend highlights the growing pressure reminding lenders of the rising costs of mortgage production. According to the Mortgage Bankers Association, net production has remained in the red for seven consecutive quarters, creating serious concerns across the industry.

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 break down the key drivers of high origination costs and share actionable strategies for streamlining operations.

You’ll hear real-world examples of lenders reducing production costs through technology and process optimization, including case studies where verification costs dropped from 8 bps to 3 bps and others achieved up to 80% savings on verifications.

You’ll also have the opportunity to participate in a live Q&A session to ask targeted questions and gain tailored insights. Don’t miss this opportunity to learn how to combat rising costs and gain a competitive edge in today’s mortgage market.

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