Posted To: Pipeline Press
Experienced loan officers know that much of their success is a number’s game: W number of cold calls result in X number of potential leads, X number of potential leads result in Y applications, and Y applications turn into Z closings and commissions. Hedging a pipeline is a numbers game as well. As a loan progresses through the pipeline, its odds of funding increase. One data cruncher looked at over 42 million applications to see if he could determine a mathematical formula , given loan purpose, rate, property type, occupancy, etc., to calculate the outcome. Worth a skim for anyone involved in analyzing processing costs or hedging. Not good news Out of Fort Mill, South Carolina comes news that Wells Fargo Home Mortgage (not Wells Fargo Funding - the correspondent arm) is laying off 100...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily https://ift.tt/2IpswFu
No comments:
Post a Comment