We’re going to start adding a new dimension to Deeper Thoughts soon. Until this point, we’ve been mostly about thoughts and observations. The very name “Deeper Thoughts” probably implies that anyway.

Once we’ve gotten over our collective panic attack (which should happen any minute now), the mortgage industry will get down to work finding alternate revenue paths to help make up for the refinancing channel.

If we had our way, most of us would have a magic wand waved and experience another $4 trillion market. But that’s not reality. The biggest issue facing our industry at the moment is the fear of inevitable change.

May is Mental Health Awareness Month. It’s also a great time to take a look at how far we’ve come as an industry when it comes to both acknowledging the validity and significance of mental health, and providing adequate mental health resources for employees.

In the beginning, it seems like your vendors can’t get enough of you. Proactive emails, follow up emails, quick calls just “to see how things are going.” But when a partner/vendor relationship fades, the proactivity tends to die.

How much did LodeStar save clients in 2021? 61,694 paid labor hours, 1,542.4 work weeks, 29 years, or $1,96 million in hourly pay. How’s that for ROI?

Some of the technologies designed (or altered) to manage the operational changes mandated by TRID didn’t really integrate or co-exist with some of the best and most widely used platforms in the industry. As a result, we started reading about and hearing about “silos.”

Thinning margins call for more than just haphazard automation. The mortgage industry needs connectivity among its professionals and providers.