The Evolution of Origination Processes and Lender Operations Models

Posted To:Community Commentary

“The real and effectual discipline which is exercised over a workman is … that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.” Adam Smith – Scottish philosopher and famed economist, 1723-1790. Among other things, Adam Smith is known for the concept of Division of Labor. As we visit mortgage operations around the country, we see many types of business models. The mortgage business is actually pretty easy… Sales people, (loan offices), go out and kill the animal (originate a loan) The animal (loan file) is skinned, dressed and package up for market (mortgage operation) The finished product (investor file) is delivered to market for sale (secondary market investor). Within these three broad areas of the mortgage…(read more)

This mortgage update is brought to you by: C.M. “Corky” Watts, CMB – You can read the full article at The Evolution of Origination Processes and Lender Operations Models

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