Cost Focus Helps Accredited Gain in Difficult Market
November 18, 2005
Red-hot competition for new business has forced subprime lenders to make some difficult choices in recent months. Consider the case of Accredited Home Lenders. The San Diego-based lender has made a name for itself in the subprime sector as a company that focuses heavily on profitability in the origination process. The profit emphasis is engrained in the company’s compensation policies as well, with loan officer commissions tied to the secondary-market...