As we all know, residential application volumes have been climbing now that 30-year FRMs can be had for 4% or less, but as everyone mortgage lender knows this is a cyclical business. Will full-time processors hired today be needed three months from now? Should you hire an outsourcing provider like Grid Financial Services or LPS (or others) to handle your back office volume? These are dicey questions production managers are in the throes of pondering. Some may just decide not chase volume and instead cherry pick the best loans.
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