Persistent Triumph: How Loan Originators Overcame the 2023 Mortgage Battlefield
Navigating the Turbulent Waters of Mortgage Origination in 2023 Loan originators (LOs) grappled with challenging conditions: the ‘lock-in effect’ on rates, depleting inventory, and escalating home prices. Ben Cohen, Managing Director at Guaranteed Rate and a prominent LO, reflected on his 20-year mortgage banking career, stating that 2023 presented unparalleled difficulties. “Unlike 2008, where a … Read more