Is technology the problem, not the solution, in the mortgage industry?

The mortgage industry has long been promised a technological revolution to streamline workflows, reduce operational costs, and enhance efficiency. Yet, despite significant investments in new technologies, the cost to originate loans has dramatically increased. Companies still grapple with cyclical h
Read MoreMortgage market should improve to $2.3 trillion(!) in 2025, MBA says

The most challenging period for the mortgage industry appears to be in the rearview mirror, as the Mortgage Bankers Association (MBA) forecasts $2.3 trillion in origination volume for 2025—representing a robust 28.5% growth over 2024. “We are in a much better place now than a year ago. Let’s keep th
Read MoreMajority of mortgage lenders likely turned a profit in Q3

The positive trend lines that saw nearly 80% of mortgage lenders turn a profit in the second quarter likely continued through the third quarter, according to Marina Walsh, the Mortgage Bankers Association‘s vice president of industry analysis. Though the survey on industry performance report for the
Read MoreHousing inventory fell last week. Have sellers called it quits?
Since mid-2022 when mortgage rates headed higher, two facts have been apparent: new listings data has been trending at the lowest levels ever recorded in history and inventory has been able to grow from record low levels thanks to mortgage rates staying elevated. We’ve seen some growth in new listin
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