A complete 180 in terms of the type of business climate they are now close to two years of record production, massive amounts of refinancing activity, 30 year fixed rates, and the low to mid twos throughout all of that. And for lenders, it is really just about executing their pipeline and then managing some of the pandemic-related changes, like work from home and some of the changing borrower-related demands that went along with that. Now as they get into the new year, they have seen 30 year fixed rates, interest rates have jumped up to their highest levels in over two years, the refinance volume has dropped and lenders are hyper-focused on the future of their business. Automation, technology, partners M & A; either growth or in some cases looking to be maybe merged or folded in with another organization just the automation of tasks in general. It is mind-boggling how human the mortgage industry and the mortgage manufacturing process still is, really? And the pandemics had a lot to do with it!
Want to know more about Rich Swerbinsky?
In his role with The Mortgage Collaborative (TMC), Rich’s primary responsibility is to be fully engaged and to develop the framework to plan, direct, and coordinate all financial, operational, and cultural objectives of TMC’s national network of lender members and preferred partners. And to provide effective and satisfactory leadership, ensuring impactful benefits and services to its members and partners, while meeting financial and operational goals and objectives.
Want to know more about The Mortgage Collaborative?
Based in San Diego, California, The Mortgage Collaborative was founded in 2013 to empower mortgage lenders across the country with better financial execution, reduced costs, enhanced expertise and improved compliance, as well as helping our members access the dynamic and changing consumer base in America.
The Collaborative is managed by our founding members, John Robbins, CMB; David Kittle, CMB; Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP); and Jim Park, former chair of the Asian Real Estate Association of America (AREAA). Robbins and Kittle are former chairmen of the Mortgage Bankers Association of America.
We are singularly focused on creating an environment of collaboration and innovation for small to midsize mortgage lenders across the country to better themselves and the communities they serve, increase profitability, and cater to the dynamic and changing consumer base in America.