POST TAGSMortgage News
Blog posted On November 03, 2022
CMG Home Loans was one of just six top lenders to increase originations in the third quarter of 2022. Inside Mortgage Finance recognized the accomplishment in a recent article titled, “Short Takes: An Exclusive Lending Club / Public vs. Private / BayFirst Exits the Arena / UWM’s Earnings? / Fannie and Freddie?”
This year has brought several new surprises and challenges to the real estate industry. Many lenders have struggled to adjust. Most have seen shocking dents to their production volume, especially last quarter. According to recent figures published by Inside Mortgage Finance, total residential mortgage originations fell 22% across the board. However, not every lender saw declines. “Among the nation’s top 30 producers, six shops managed to grow originations on a sequential basis,” writes Paul Muolo of Inside Mortgage Finance. One of these lenders was CMG Home Loans.
CMG Home Loans has continued to adapt to the needs of the modern-day buyer through innovative strategies and products like the All In One LoanTM – a unique line of credit that’s less dependent on rates. We strive to empower our originators with all the tools they need to succeed, and we will continue to create new products and advancements that can help more buyers get a win in any market condition.
To read the full Inside Mortgage Finance article, click here.
To learn more about the unique opportunities at CMG, you can visit our career page or reach out directly!
Sources: Inside Mortgage Finance