February 13, 2023
by Julie Piepho, CMB, Principal at BlackFin Group
Here we are, 45 days into the middle of the year, and the housing cycle doesn’t appear to be any more promising than on January 1. We continue to have high inflation, shortage of housing inventory, higher interest rates than this time last year, the refinance business has all but disappeared, and mortgage leaders are looking to build sustainable mortgage teams in 2023.
Right sizing has been happening within mortgage companies (and other non-financial services companies, i.e., Amazon, Google) for the last 2 quarters and are still happening this quarter. It seems however, ...