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» Servicing Income Helping to Prop Up Lenders
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Servicing Income Helping to Prop Up Lenders
November 30, 2023
John Bancroft
Large mortgage companies are seeing flat income from originations and increasing income from servicing.
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The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?
Yes, we’re expecting a boom!
No. In fact, we’re still downsizing.
Yes, but only a few positions.
No. We’re staffed just right.
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