Briefprice
The loan officer engineer: The $11,898 problem
Mortgage production costs hit $11,898 per loan, vs $7,903 since 2008, with 67% tied to personnel, pushing rates higher. Start with a number that still bothers me: It costs the industry $11,898 to produce one mortgage . So through the whole “digital mortgage” era, all those billions in software, the cost of making a loan went up 50% [1].
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Sources
This is the neutral brief the press writes once, for everyone, before each reader’s paper adds its own so-what. It links out; it does not republish. 1 article clustered.