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August 21, 2014

Realtors Prefer ‘Local’ Mortgage Lenders Over Call Centers

By Brandon Ivey

Another concern was that out-of-state call center lenders might not know the local lending laws, which can result in delayed closings.

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Poll

With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

vote to see results