Most lenders anticipated a better regulatory environment this year, but don't think that will immediately have an impact on their expenses.

Seventy-three percent of lenders anticipate less pressure from federal regulation as a result of the change in administration, according to a survey conducted by research firm Ebiquity on behalf of mortgage industry cooperative Lenders One.

"Despite some industry concerns over rising interest rates, lenders are optimistic about the potential for a more flexible regulatory environment in 2017," said Chief Executive Officer Bryan Binder in a press release.

Bryan Binder, CEO of Lenders One
Bryan Binder, CEO of Lenders One

However, 65% of respondents to the survey still think their cost per loan will continue to increase and 42% believe their largest expenditures will be on operational changes such as compliance, software and staff.

Despite an expected decline in volume, only 25% flagged marketing as their biggest investment.

Investments in compliance do appear to be paying off for many lenders, as 65% described themselves as prepared for Home Mortgage Disclosure Act changes.

However, other lenders are still struggling with HMDA implementation. Thirty-two percent of survey respondents are finding it tough to get the resources needed to report and analyze additional data needed to fulfill the new requirements.

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