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Now Is the Time

 

 
When I talk with peers about the future of the mortgage industry, I’ve noticed one theme is consistently mentioned: Urgency
May 16, 2017
 
When I talk with peers about the future of the mortgage industry, I’ve noticed one theme is consistently mentioned: Urgency. The mortgage lending industry is changing rapidly. Today’s rising rate environment halted the refinance market that so many lenders have relied on to produce origination volume. What’s worse, agency loan volume won’t replace the hole left by dwindling refinances because competition for A-grade paper will be greater than ever.
 
If you’re a mortgage lender, you must act now or risk losing volume. Lenders who realize the urgency of the situation must read, “Now Is The Time,” a recent white paper from Angel Oak Mortgage Solutions.
 
As “Now Is The Time” explains, the non-QM lending market is one of the only opportunities for mortgage lenders to grow their business in the face of declining refinance activity. In fact, the potential for growth in the non-QM market is huge—the current size of the annual non-QM lending market is less than $3 billion but has the potential to reach $100 billion. Quite simply, the non-QM market offers lenders the best opportunity to grow their business.

Read the full article at National Mortgage Professional.