General World News

The end of the mortgage workhorse: Adapting to a new lending ecosystem

The mortgage industry is incredibly different than it was five years ago. Gone are the days when lenders could steer borrowers of all shapes, sizes, and needs into a one-size-fits-all loan product. The emphasis on traditional “workhorse” mortgages that dominated the post-2008 financial crisis era—particularly FHA and VA loans—is now giving way to a focus on diverse product portfolios combined with lender advice and consultation. This shift is driven by shifting consumer expectations, technological innovation, and a more comprehensive understanding of borrower needs. In response to those changes, mortgage lenders increasingly position themselves as financial advisors and details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com

Leave a Reply

Your email address will not be published. Required fields are marked *