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The Top Challenges Lenders Are Facing in 2018

Friday, July 13, 2018   (0 Comments)
Posted by: Rae Brevard
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Now that the first quarter is behind us, which is traditionally slower on the origination side of the house, lenders and servicers are shifting their attention back to the servicing side. While overall bank profitability was down over the past year, according to the MBA, net income related to mortgage servicing nearly doubled.

With originations expected to fall by the end of the year, as predicted by the MBA and more recently by Fannie Mae as well, lenders are now looking at bold new ways to solve servicing challenges to reduce costs and increase profits.

Having been a part of the mortgage industry for more than a decade now, we jotted down some of the biggest concerns that servicers are facing today and the solution that can help them mitigate these challenges. [more]

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