The Mortgage Bankers Association’s data on independent mortgage banks, states that production expenses per originated mortgage has touched a new high of $6,969. A major portion of the rise can be attributed to additional compliance burden. With the housing sector, unlikely to see any sweeping regulatory (or deregulatory) reforms in the Trump era, things can go only from bad to worse for lenders.
While providing an overview of how compliance is pushing up costs, our e-book underlines the imperative steps that lenders need to take to stop compliance costs from eating onto their profits.
- How compliance is pushing up costs
- How the process is at fault
- How to remedy the process