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

Profit-Per-Loan Hits Record High in 2020

The Mortgage Bankers Association (MBA) has reported that independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks made an average profit of $4,202 on each loan originated in 2020, a $1,470 increase per loan over 2019’s totals. “The year 2020 was a banner year for the mortgage industry, despite the COVID-19 global health crisis …

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