While the last two months of the year typically denote the kickoff to the holiday season, this is also the time of year when lenders turn their attention to developing their strategic and operational plans for the coming year.
As the market shifts from refinances to purchases, lenders are understandably concerned about declining volumes and tightening margins. However, these are not the only concerns, as a purchase-driven market also increases the potential for both fraud and loan defects. With regulators also tightening their expectations and requirements around compliance, there is no time better than the present for lenders to get ahead and shore up their quality control and quality assurance efforts to ensure a successful 2022.
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