Posted To: Pipeline Press

First, a note of clarification. Yesterday’s commentary mentioned that there was talk of “warehouse banks temporarily suspending funding refi biz.” I received several notes stating that while one warehouse bank has done this, others are totally open for business and eager to continue to support their clients, and emphasizing the need for a trusted partner. Yes, there’s a lot going on out there with this tidal wave of business. But how big is the wave? I received this email from Scott Happ, CEO of Optimal Blue. “With our systems being on the front-end of a large percentage of this market activity, we have a unique perspective on where we are and what is yet to come. We do have an early indication as to the magnitude of the volume tsunami with which this industry…(read more)

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Source: Mortgage News Daily