Posted To: Pipeline Press
When you hear “Midwest” what comes to mind? Missouri? Illinois? What about “Mideast?” Some place a long way from Missouri! “Rob, have you heard that the cost to originate a loan is different based on geography?” I have, but would be hard-pressed to prove what I heard, which is that the cost to originate in the Midwest is roughly $6,500 per loan versus the West where it is closer to $10k based on average loan balances and personnel costs. The national average is about $8,500, and the line items of cost can be found in the sample Performance Report found here . Lender Products and Services Axos Financial, Inc. (NYSE: AX) continues to provide its business partners with unique Jumbo purchase money and cash-out programs. Our products distinguish us from other...(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/2VjcNyu
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