According to a Housingwire article, one type of lender is actually excelling in this market, despite many thousands of others losing their jobs. One kind of lender that seems to be improving and excelling is those mortgage brokers.

According to this article United Wholesale Mortgage saw a 52% annual increase in volume this past third quarter. Part of that increase reflects an increase in the number of people hired by United Wholesale Mortgage.

It appears that mortgage brokers understand the mortgage industry in a way that easily gives borrowers access to assets.

According to the article, there is a shift to brokers because they are able to provide a more personal service and product. 

Another reason that some groups are able to increase their volume and their market share is the turnaround time. Speed is truly reflected in increased the referral business in mortgages.

Some mortgage brokers are also taking advantage of the increased equity that homeowners currently have in their homes. By getting this information out to individuals who are trying to update their homes, they can maintain a flow of business even when transactions of home sales may be dipping.

If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.

Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.