Posted To: Pipeline Press

“Spring Forward” really needs to be a Friday at 4PM thing. At this point most lenders would like another hour instead since most have their hands full with servicing write-downs, EPOs, managing their pipelines without losing customers, and being pleased with any efficiencies put into place in the last year. They’re focused on their employees, or managing pricing, or handling volume-based vendor delays like Optimal Blue’s over the last few days. (Here’s a STRATMOR piece titled, Drinking From a Firehose is Not a Long Term Business Model ” about what lenders are doing with this move in rates.”) Lenders without portfolio retention or consumer direct divisions are kicking themselves, given where rates have gone. And companies are trying to find ways to keep…(read more)

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Source: Mortgage News Daily