Notes from the 2018 Mortgage Bankers Association Secondary Market conference…

This is part 1 of 4 of our market analysis from the conference.

The 2018 Mortgage Bankers Association's National Secondary Market Conference has recently concluded and our own Chief Strategy Officer Marc Perez was on hand for the major event. On its face, this may sound like any other industry conference - and you would be right if it wasn't 2018. Instead, this meeting of over 1,500 mortgage professionals highlighted the worries that many mortgage companies have about the challenging market environment and how they will survive until things get better. For some lenders, panic is in the air. 

1. Many Lenders Are Going Out of Business

If you haven't noticed, it's a very strange time to be in this industry: 

• A shortage of housing combined with rising interest rates have created a market environment that is making it difficult for lenders to stay in business. 
•  There is news of lenders making harsh cuts like pulling back on Originator compensation or going out of business altogether. 
•   Additionally, there seems to be a universal acceptance that lenders will lose around 15% in loan volume for 2018 as compared to the year before.

How Are We Different

•  We are growing both as a company and in loan volume we are still setting monthly volume records.
•  92% of our business is purchase which helps when refinances are less popular. 
•  Smarter business model and leadership.

Check us out at branchsouthwest.com or give me call if you are looking for a change or part of a company that is having these kinds of issues.

Mike Bull | Branch Development Manager

[email protected]  

https://www.southwestfunding.com/

Direct (972) 925-9304