Here’s what happened when a company relied on forecasts and rate predictions during late 2022 for its business in 2023. You’d have a come-apart! Speaking of losing one’s cool, how do you think IMBs feel about this Bloomberg story about how mortgage fees at banks are less than at non-banks? In STRATMOR Group’s December Insights Report, STRATMOR provides key takeaways that will help lenders think outside the box, evaluate new strategies, take risks and survive the downturn that is likely to continue into the first quarter of 2024. Lenders are looking at rising credit costs, asking if there alternative financing strategies versus traditional warehouse lines, is there a “best” technology underwriter, and how are lenders handling HPML loans, like sharing the cost between a branch and corporate? Today’s podcast can be found here, and this week’s is sponsored by Lender Toolkit’s AI-powered AI Underwriter and Prism borrower income automation tools. Get loans approved in under two minutes. By providing lightning-fast underwriting decisions, your market reputation with borrowers and Realtors will soar. Listen to an interview with Brent Emler (Lender Toolkit) and Katie Pastor Trinidad (Partners Mortgage) on the benefits of AI underwriting. Lender and Broker Products, Programs, and Services Loan Vision exclusively serves the mortgage industry by providing software built by the mortgage industry for the mortgage industry. With Loan Vision, customers see improvements of 30 percent+ decrease in days to close the books, 20 percent+ reduction in accounting headcount, complete LOS to G/L automation, and improved reporting and visibility. Interested in learning how Loan Vision can help you run a more efficient and profitable company? Contact Carl Wooloff to schedule a call today.

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