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» Originations Down in 3Q, Trends at Top Lenders Vary
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Originations Down in 3Q, Trends at Top Lenders Vary
October 27, 2023
John Bancroft
Mortgage originations declined by an estimated 3.8% in the third quarter on a sequential basis.
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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. We’re staffed just right.
Yes, but only a few positions.
No. In fact, we’re still downsizing.
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