Fairway Independent Mortgage, a prominent player in the mortgage industry, has recently announced its decision to shut down its wholesale division. This move has significant implications for the company and the mortgage market as a whole. Here are the key takeaways from this development:
– Final lock date for new loans: February 9
– Last day to submit new loans: February 16
Fairway Independent Mortgage’s decision to close its wholesale division signifies a strategic shift within the company. This move may have been driven by a range of factors, such as evolving market dynamics or a realignment of business priorities. Nonetheless, the consequences of this decision are likely to be felt by industry stakeholders, including borrowers, employees, and other mortgage lenders.
It is worth monitoring how this development will impact Fairway Independent Mortgage’s overall business strategy and market share, as well as how it will reshape the competitive landscape in the mortgage industry.
You can read this full article at: https://wrenews.com/fairway-independent-mortgage-to-shut-down-wholesale-division/
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
