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Monthly Trends in Mortgage Broker Activity

Source: www.wholesaleaccess.com
Topic: Mortgage Marketing

Sort Desciption: headed up all consumer loan and mortgage marketing and. product management for MNC. Under his direction MNC. became a top ten home equity lender; ...

Content Inside: Overview of the Wholesale Access Inaugural Home Equity Lending Benchmark Study For more information contact: Tom LaMalfa: (216) 752-6610 | tlamalfa@wholesaleaccess.com Dan Balkin: (410) 772-1161 | dbalkin@wholesaleaccess.com For more information contact: Tom LaMalfa: (216) 752-6610 | tlamalfa@wholesaleaccess.com Larry Pearl: (301) 584-9410 | lpearl@wholesaleaccess.com Monthly Trends in Mortgage Broker Activity The National Association of Mortgage Brokers (NAMB) and Wholesale Access have joined together in an attempt to fill a gap in the mortgage origination data collected for the industry. No one is measuring the products brokerages are originating. Wholesale Access and NAMB propose to correct this shortcoming by publishing a monthly roster of the products brokers are originating. Wholesale Access has designed an Internet-based survey that contains eighteen questions and takes a few minutes for brokers i.e. owners of brokerages to complete. The goal is to quickly ascertain changes in the market by measuring volume loan mix (conforming jumbo A- subprime and government) along with information on high-LTV Alt-A and other so-called non-traditional loan products. Specifically the project will do the following: Track changes in the monthly mix of originations of major types of mortgages especially nontraditional mortgages. Track lenders buying new types of mortgages such as IO Payment Option Arms Alt-A high LTV. Develop an index measuring the monthly changes in origination activity by the brokerage community. Prepare a summary of the results that will be posted to NAMBs website and emailed to survey participants. Generate positive publicity for NAMB and Sponsors while filling an information void. Surveys will be conducted electronically on Wholesale Accesss website. NAMBs Delegate Council will recruit brokers to participate in the survey. Sponsors will get 12 monthly reports of survey results plus additional analysis and access to the raw data ...

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