Business Insights

Q2 2024 RM Select Snapshot for Independent Mortgage Bankers

Your Q2 2024 RM Select Snapshot is here, with fresh industry data you won’t find anywhere else. For the first time in two years, the average net production income has turned positive. This milestone marks a significant turnaround for mortgage banks and signals that we are moving in the right direction.

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.