Q3 2023 Overview Snapshot for Independent Mortgage Bankers
Articles by: Kaitlin Dunn, Nov 17, 2023
Your Q3 2023 RM Select Overview Snapshot is here, with fresh industry data you won’t find anywhere else. The Q3 data showed a small uptick in margins this quarter, but it was not enough to offset decreased production and increased costs to originate for most lenders, leading to a 35% drop in average net production income.
The full report highlights more key metrics and trends from the results of Richey May Select participants. Click on the image below to download the report.
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.