Week 1 - 2023 Mortgage Leaders Insight
2022 was a challenging environment for a lot of those in the industry. We saw a huge swing in rates, supply issues, layoffs, closures and double digit % decrease in volume for most in the industry. With all of those challenges it makes sense if you have a bleak outlook for this year, but we are here to tell you that all hope is not lost and there will be countless opportunities for success in 2023.
But don't take our word for it. We asked a dozen leaders in the REAL (Real Estate & Lending) space to give us their insight for 2023 based on their experience and expertise in the industry. We hope you take some inspiration and motivation from their insight so that you can start your year out right.
Tough markets are where the strongest businesses are built. No one is better positioned to adapt in a changing market than wholesale mortgage brokers. With the community support, legislative representation, and unparalleled resources available to them, mortgage brokers are positioned to top 25% market share for the first time in decades.?
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2023 will be great for originators who can see and take advantage of the increased opportunities in the housing market. The days of being an order taker. Advisors who are serious about market knowledge will prosper and win.
Lead with optimism this new year, become stronger, and achieve tremendous results. Overall, I expect the mortgage industry to become more efficient and customer-focused in the next few years. Banks, lenders and credit unions will be using new technologies to improve their operations, and this will lead to better products and services for borrowers. There may be fewer lenders to choose from, but the ones that remain will be stronger and more competitive. This is good news for borrowers who are looking to get a mortgage in the near future.
We look forward to bringing you another trio of leadership insight next week!
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