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Mortgage Choice - How to find the best home loan

Kristy Sheppard from Mortgage choice discusses about the importance of finding a home loan most suitable to your financial situation as well as ...

The Right Tech Choices for Mortgage Lenders

With originations, revenues, and profitability on the decline, most mortgage originators are feeling the impact. The mortgage applications currently stand at a four-year low and loan production expenses, on the other hand, have been reported to be the second highest in the decade, as of early 2018. Production costs have risen from just over $5,000 per loan in 2012 to close to $9,000 per loan in 2018, an 80% increase within the span of five years.

Lenders are facing a difficult challenge. At one end, there is less business due to macroeconomic factors, and at the other end, the complexity of operations has increased due to compliance and regulations, resulting in increased turnaround time and escalated costs. With limited control over external factors, the need of the hour for progressive lenders is to grab the most market share by making the right strategic moves.

Technology adoption to streamline operations and make the process easier for the homeowner ranks high among the limited options available.

First Choice Loan Services Listed Among Top 100 Mortgage Companies In America

 

EAST BRUNSWICK, N.J./ MAY 09, 2019 (STL.News)

New Jersey-based residential mortgage lender First Choice Loan Services Inc., a Berkshire Bank Company announced that it is featured on this year’s list of the “Top 100 Mortgage Companies in America” in the Spring 2019 issue of Mortgage Executive Magazine.

The publication selected companies based on their 2018 total annual dollar volume. This is the sixth year for First Choice Loan Services to appear on Mortgage Executive Magazine’s list.

Senior Executive Vice President and Chief Operating Officer Norman T. Koenigsberg is extremely glad the company once again earned this honor.

“It’s very exciting to be featured for the sixth time as one of the ‘Top 100 Mortgage Companies in America’ by Mortgage Executive Magazine. Year after year and family after family, we work diligently to deliver mortgage experiences that are outstanding and far surpass expectations,” said Koenigsberg. “We are able to accomplish this and so much more due to the daily commitment of the members of the First Choice Family. Their hard work makes all our successes possible. The professional excellence they contribute every day is what creates raving fans of our clients and business partners.”

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