Posted To: Pipeline Press

Here we are on the first business day of 2021, the year of the movie Mad Max 2. (It is so much easier saying “2020” than “2021,” right?) Last year, as one industry vet wrote me, was “The Year Of The Genius” in mortgage banking. It seems that everyone is talking about record-breaking volume, margin, and income. “The industry’s ‘collective IQ’ almost doubled,” he said sarcastically. Everyone was smart, and if you are an MLO or lender who didn’t make money, well, when will you? Industry veterans know, however, that a prosperous year like 2020 can mask some imbedded risks (e.g., within a lender, industry-specific, and/or macro-economic), some combination of which could emerge in the second half of 2021 to bring this party to…(read more)

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Source: Mortgage News Daily