As mortgage origination volume continues to fall from the heights of the pandemic-spurred boom, many lenders see cost-cutting as their top priority this year.
About 39% of 210 senior mortgage executives representing 189 lending institutions said cost-cutting was the most important agenda item, the first time that has happened since 2017, according to Fannie Mae‘s mortgage lender sentiment survey. The importance of talent management, which gradually climbed since the pandemic, was the second priority for lenders. The importance of consumer-facing tech ranked third, continuing its downward trend after peaking in 2019.
“So far, 2022 has presented a number of new challenges for details ⇒
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