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5 Ways for Lenders to Reduce Cost of Origination
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As we all know, over the last few years, the cost of originating a loan has been rising steadily. Lenders have been exploring different ways to keep this cost in check so that they can improve profitability.
Outsourcing the loan processing to a capable mortgage processing company is definitely one of the ways to reduce the cost of origination and increase efficiencies.
So, what are other ways that can help lenders reduce the cost of origination? We thought of 5 ways in which lenders can reduce the cost of origination by tying up with mortgage processing partners.