A variety of lenders were surveyed for a new Fannie Mae study, which found that lenders cited operational efficiency as the primary motivation for AI and machine learning adoption.
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Industry Survey: Personnel Costs Driving Up Mortgage Overhead
In response to the additional stress on their balance sheets, some mortgage industry firms have announced layoffs, ceased specific products, or shuttered all together.
Read More »Lenders Prioritizing Cost-Cutting Measures
As inflation rises, more families and businesses are tightening their budgets and taking cost-cutting measures to create a little more breathing room—and according to the latest survey, this includes mortgage lenders. Continuing a quarterly survey of mortgage executives that initially ...
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