Banks Report Strong Mortgage Income Gains

Make sure your lending institution can maximize profits with the right fund control software.

According to a new earnings report analysis from Inside Mortgage Trends, mortgage banking has enjoyed increasing profitability in 2015. The analysis focused on reports from 19 different publicly-traded companies, all but one of which were banks.

In total, the companies reported $3.496 billion in mortgage banking income for the first quarter of 2015. This represented a 10.2 percent increase over the end of last year, and a 23 percent increase over the first quarter of 2014.

Here’s another dramatic example of the sorts of growth that is occurring in the mortgage industry right about now. After reporting a loss just one year ago, one California-based company Impac Mortgage Holdings reported a $34 million profit for the first quarter of 2015, sending stock jumping by 43 percent. The former penny stock is now trading at over $20 as of this writing.

Are You Making the Most of All Your Opportunities?

The growth in the mortgage industry can be attributed to the fact that lower home prices and attractive mortgage rates have continued to support demand for new loans. If you want to take the best possible advantage of this growth, your institution needs a nimble software suite that can adapt to changing needs. Look for the following features:

Compatibility with Many Loan Types: ECL’s fund control software is packed with features that make it easy to customize your operations to accommodate different types of loans. For example, it can easily be used as a FHA 203K lending software solution, allowing lenders to capitalize on the growing number of homeowners looking to finance remodeling projects and home purchases at the same time.

Online Collaboration: The ability to instantly access up to date information about all loan accounts is essential to your productivity. No more waiting for various staff members to answer your emails or calls to get the information you need. Instead, everything is at your fingertips in our user-friendly, secure online access portal.

Error-Minimizing Features: With a single-entry system for most of your vital loan account data, as well as the ability to create customizable templates for all your vital communications, budgets, approvals, and other activities, our software helps guard against costly errors to protect your bottom line. Naturally this is very important given the current low mortgage interest rates and slim margins for profitability.

Robust Reporting: One final aid to profitability offered by our software is the ability to run all kinds of reports. Get at-a-glance reports of individual loan accounts, compare data on different types of loans, or even run stress tests to assess future risks to profitability.

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