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Volume 18 - Number 4

February 21, 2014

Consolidation Ahead for Mortgage Tech Vendors

Declining loan production could lead to rampant consolidation among mortgage vendors this year, particularly technology firms, according to interviews conducted by Inside Mortgage Trends. “Revenues at some of these firms are going to take a nosedive over the next year or so,” said Anthony Garritano, founder of the Progress in Lending Association, an industry think-tank that focuses on the tech sector. “The drop in production volume in the fourth quarter was more than most anticipated ...

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The year is almost 75% done. How is mortgage origination volume at your shop?

We will fund about the same as we did in 2016.
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We will fund more than last year – by a lot.
We will fund less than last year – by a little.
We will fund less than last year – by a lot.

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