Origination

While the overall delinquency rate decreased for the fifth straight month, states with unemployment rates that were double and triple the national average had the most overdue loans, a CoreLogic report found.

However, companies were largely unable to use that cash infusion to make investments that lower their costs, since they had to pay out more in compensation.

Lumber futures have surged more than 60% to record highs this year, and analysts aren’t expecting any relief until late 2021.

A loan officer logging a billion-dollar volume topped the ranking for the first time in the 23-year history of the survey.

The stabilizing economy drove one of the biggest mortgage recoveries on record, according to the Mortgage Bankers Association.

During a record-breaking year for lending, these loan officers brought in the highest volumes of the 400 on the list.

Even as properties spent the least time ever on the market and the average sale-to-list home price ratio broke 100%, some indicators point to a slight reversal, which could head off “runaway home price speculation or a housing bubble,” Redfin chief economist Daryl Fairweather said.

With independent title companies scoring the largest market share gain last year, the sector saw a 22% increase in premiums overall, the American Land Title Association said.

Nonbanks claimed more of the top slots based on loan volume, while the origination gains experienced by Hispanic, Black and Native American borrowers were weaker than those of other groups.

After years of lagging other industries, financial services marketers are finally ramping up their digital investments. But this new spending must be aligned with smart strategies and urgency.