The industry continues to witness corporate shifts (the latest example being 11Mortgage making “the difficult decision to exit the wholesale and correspondent lending channel, effective immediately”; more below). Money, profits, and how they are thought about matters. I know plenty of loan officers who make it a point to tell potential clients, up front, how they are paid and what the client will receive for the price.
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11.12.26 Production Shifts; Private Money Funding's Ryan Hermansky on Deals; Fed Chatter
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