It is a known fact that mortgage is a competitive field like any other business. The fixed cost overheads, the interest rates and many other factors influence the competitive edge..In last 5 years the cost of originating a loan has gone up from $3666 to above $9000. It is difficult to sustain business in these challenging environments. In these tough scenarios, it gets very difficult for retail lenders to manage the overheads involved with loan processing. However, retail lenders can bring down this processing cost by adopting certain unconventional changes or by combining......

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