In a recent quarterly profitability report released by the Mortgage Bankers Association (MBA), it was revealed that Independent Mortgage Bankers (IMBs) have posted their first net production profit in two years. This positive trend is largely attributed to improved expense management strategies implemented by IMBs across the industry. The report indicates that these efforts have started to pay off, resulting in a more sustainable financial outlook for IMBs moving forward.
Key points from the report include:
– IMBs have achieved their first net production profit in two years
– Improved expense management strategies have played a significant role in this positive development
– The MBA’s quarterly profitability report serves as a barometer for the financial health and performance of IMBs within the mortgage industry.
You can read this full article at: https://www.housingwire.com/articles/thatll-do-average-imb-posts-net-profit-of-693-per-loan-in-q2-2024/(subscription required)
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