Founder/CEO @ RedFile Technologies, Inc | Veteran, Patented Inventor, Author, Master of Smoke & Flame
In Q4, production revenue rose to 334 bps, while per-loan revenue dipped to $10,376. The purchase share hit 87%, outpacing the industry's 81%. Average loan balances fell to $336,757, and production expenses per loan climbed to $12,485. Productivity per employee dropped to 1.1 loans. Servicing income turned negative at $24 per loan. #FinancialTrends #MortgageIndustry #LoanProduction #Q4Earnings
