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How loan originators survived a cutthroat mortgage business in 2023

Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023. Here's how LOs made it work. ....

Andrew Marquis , Don Monson , Andy Walden , Hunter Marckwardt , Steve Miller , Adrian Gastelum , Ben Cohen , Jared Sawyer , Freddie Mac , Michael Ullmann , Simon Herrera , Christopher Gallo , Movement Mortgage , Housing Administration , Mortgage Bankers Association , Intercontinental Exchange Inc , Atlantic Coast Financial Services , Fannie Mae , Guaranteed Rate , Federal Reserve , Black Knight , Intercontinental Exchange , Crosscountry Mortgage , Sente Mortgage , Federal Housing Administration , Home Possible ,

Median payment on purchase mortgage application rises to $2,061

Buyers continue to feel the pinch from high mortgage rates and still-elevated home prices. But those committed to buying a new home are really committed, LOs said. Buyers continue to feel the pinch from high mortgage rates and still-elevated home prices. But those committed to buying a new home are really committed, LOs said. ....

Hunter Marckwardt , Edward Seiler , Mortgage Bankers Association , Crosscountry Mortgage ,

How loan officers are dealing with surging rates and record-low inventory

Loan officers are dealing with a double whammy mortgage rates exceed 7% and a lack of inventory means buyers can’t find homes. ....

United States , Tampa Bay , Don Monson , Hunter Marckwardt , Max Slyusarchuk , Stratmor Group , Guild Mortgage , National Association Of Realtors , Easy Mortgage , National Association , Wholesale Mortgage , Rocket Mortgage ,