What's the "right" employee-to-loan ratio for servicing firms that are trying to slog through a portfolio of non-performing or "high touch" mortgages? It all depends on who you ask. One west coast investor I know said his ratio is 1:25. Some firms consider 1:100 sufficient while others think 1:50 is fine. The ratio also depends on just how bad your mortgages are. Any thoughts on the ratio, drop me a line at:
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Even with the positive news when it came to income, two of the big four underwriters had their earnings outlook slashed, while a third received an upgrade.
August 7 -
AD Mortgage's news survey finds 82% expect AI to transform the industry, and relationship skills will decide who wins in 2027.
August 7 -
An acquisition this year could be one in a line of other future deals, potentially involving lenders or commercial real estate firms, Ellington executives said.
August 7 -
If the deal is completed, the companies will form the sixth-largest publicly traded homebuilder in the U.S. with about $6.6 billion in combined revenue.
August 7 -
Fannie Mae and Freddie Mac's oversight chief said that he's displeased with a report that these builders have retreated from serving first-time buyers.
August 7 -
The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
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