Posted To: Pipeline Press

Everyone is aging, right? “I finally did it! I bought a new pair of shoes with memory foam insoles. No more forgetting why I walked into the kitchen!” People change, populations change, and loan officers must adapt. economists have revised 2020 growth prospects higher and revised down recession probabilities, many economic indicators are positive: consumer spending and confidence is high, unemployment remains low, and inflation is tame. Not only must every lender pay attention to overhead costs, what competitors are doing, customer service trends, and guideline changes from investors, but they must also pay attention to population shifts, forecasts, and business opportunities. For example, more international trade will expand rental and for-sale housing demand in markets dependent…(read more)

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Source: Mortgage News Daily