Thursday, 6 May 2021 | The Latest Buzz for the Appraisal Industry

Mortgage Bankers Saw Margins Improve Dramatically in Banner 2020

Mortgage bankers made an average profit of $4,202 on each loan they originated in 2020, up significantly from $1,470 in 2019, according to the Mortgage Bankers Association’s (MBA) Annual Mortgage Bankers Performance Report.

“2020 was a banner year for the mortgage industry, despite the COVID-19 global health crisis essentially shutting down the U.S. economy in March and forcing personnel into remote work environments,” says Marina Walsh, vice president of industry analysis for the MBA,

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