Mortgage refinance and purchase volume was a combined $1.6 trillion market during 2018, according to the Mortgage Bankers Association. And industry experts say the path ahead could be challenging, as growth is expected to be in the single digits for the next few years.
In addition to lackluster loan volumes, lenders are also facing problems such as low profit margins and shifting market share,
Fortunately, despite the industry’s significant challenges, lending institutions have multiple opportunities to reduce costs and increase profitability. As a marketer, you can do your part to make this happen.
In this ebook, you can read more about these trends and others affecting the state of mortgage lending.