This year’s participating mortgage banking firms originated upwards of $148 billion as direct lenders and more than $131 billion as financial intermediaries over the 12 months ending in September 2019.
Mortgage banking professionals continue to do what they do best: find smart ways to help clients navigate the complicated business of borrowing. And their transactions should continue to ramp up over the next year, according to respondents to the 2015 CPE-MHN Top Mortgage Banking/Brokerage Firms survey.
Over the next year, the mortgage banking industry is looking at an increase in business overall, but just by a slight edge. Shadowing the industry with uncertainty over Fannie/Freddie on the multifamily side, transaction levels and the economy probably serve to promote some cautious optimism.