LOS renewal: Thrift reinvigorates FHA business with new origination software investment
Real Estate Technology News
10.16.2007
How is the shift in mortgage lending volume, product types and overall strategy influencing technology strategy? One Seattle based bank is hoping a newly licensed mortgage lending platform will help it expand its FHA loan volume this year.
According to Susan Greenwald, senior vice president and director of HomeStreet Bank's single-family lending operations, thecompany's combined FHA and VA loan business made up 10 percent of its mortgage volume in 2006, with the rest conventional. For 2007, it's averaging 17 percent FHA/VA.