Mortgage servicing executives foresee significant changes for the industry under a Donald Trump administration, particularly when it comes to interest rates, reform of the government-sponsored enterprises (GSEs) and conforming loan limits. But opinions diverge on what to expect in 2025 and beyond.

Mike Patterson, chief operating officer of Freedom Mortgage Corp., which has more than $600 billion in owned mortgage servicing rights (MSRs), predicts “everything is going to change” in 2025. He said the company is preparing for a “slow drop in rates.”

Patterson and other executives spoke on Thursday morning during the Information Management Network (IMN) Annual Mortgage Servicing details ⇒

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