A new fiscal year is well underway, and the mortgage sector is anything but static. Industry trends that played out over the last two years have spilled over into 2022.
With mortgage financing in high demand and available properties in short supply, the rush to fulfill mortgage funding is a continuing trend that is often overwhelming many brokers.
For Vine Group-Mortgage Alliance, a general inefficiency in the mortgage space, as well as increasing complexities, are also equally important trends that will continue to factor heavily through 2022.
“The industry as a whole is very inefficient,” David Goncalves (pictured top), founding partner with Vine Group, stated.
“Lenders are feeling the stress and some lenders have left the industry because of the inefficiencies.”
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