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Loan Modification

: Mortgage Lender Implode-o-Meter

Mortgage Darwinism: Do You Have a Plan B for 2011?

By Implode-Explode Heavy Industries

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"Many of the mortgage bankers we visited last quarter were projecting an uptick in loan volume in 2011. They realized origination volumes in general would probably decline in 2011, but most were planning to pick up a few new branches and loan officers to offset the industry-wide forecast for a production slowdown. I suppose some companies will find success in their attempts to hire more originators, but not every operation will be able to add production simply by bringing on new loan officers. There just isn't enough business to go around. When the music stops, someone will be left without a chair to sit in."

Full post as published by Mortgage Lender Implode-o-Meter on January 14, 2011 (boomark / email).

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