Mortgage banks post increased profits again after two-year loss streak
The boost in production profits came primarily from a decrease in production expenses, which dropped to $10,716 per loan in Q3, down from $10,806 in Q2. This decrease helped offset declining revenues, which fell to $11,417 per loan from $11,499 in the previous quarter. While production operations showed signs of resilience, the servicing side of […]
Simplified Income Calculations – MortgageDepot
Did you know that we DO NOT require these income sources to be averaged over 24 months? This can make a significant difference in your mortgage application process.Flexible Income Sources We recognize that many of our clients have diverse income streams. Here are some examples of additional income sources that we consider: Commissions: If you […]