When the refi market dried up in 2022, business took a drastic turn for Thuan Nguyen, CEO of Loan Factory and the top loan originator on the Scotsman Guide for the last two years. Prior to the downturn, more than 90% of Nguyen’s business came from refinances.
Nguyen says he has originated $467 million in origination volume this year, closing 1311 units by the end of November. This falls well below the landmark $1 billion he reached in 2020 and 2021.
Forecasting another purchase market in 2023, Nguyen started using his proprietary software details ⇒
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