Business Insights

Q1 2024 RM Select Snapshot for Independent Mortgage Bankers

Your Q1 2024 RM Select Snapshot is here, with fresh industry data you won’t find anywhere else. The Q1 data showed improvement in margins and modest improvements in units per employee, but due to certain costs that are commonly higher in the first quarter, costs to originate increased compared to Q4 2023 and remain at historically high levels.

The full report highlights more key metrics and trends from the results of 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.