Mortgage

2023 Overview Snapshot for Independent Mortgage Bankers

Your Q4 2023 and 2023 Overview RM Select Overview Snapshot is here, with fresh industry data you won’t find anywhere else. The Q4 data shows a significant change in pre-tax net income. Mortgage rate decreases in December caused servicing portfolio values to decrease, resulting in a pre-tax loss of 27 basis points on the income statement in Q4 2023. This shift significantly contributed to the quarter-over-quarter decrease, accounting for nearly half of the reduction in pre-tax net income. Click on the image below to dive deeper into the Q4 and 2023 annual trends seen among the Richey May Select participants

Richey May’s web-based benchmarking tool, RM Select, gives lenders a full financial and operational picture of peer performance within 35 days of quarter end. Delivering precise comparative data via a clean, intuitive dashboard, it helps drive more informed decision-making aimed at improving efficiencies, increasing margins and controlling costs. “Invaluable in our day-to-day business operations.” That’s how one industry peer sums up its impact. Learn more about this invaluable tool and discover the competitive difference it can make for your business.

For access to the detailed reports, including an analysis of the results, please email us at RMSelect@richeymay.com.

To view a Snapshot Report from a previous quarter, visit our Snapshot Library.