Comments on: WSFS Discusses Reverse Mortgage Acquisition On Earnings Call http://reversemortgagedaily.com/2009/03/03/wsfs-discusses-reverse-mortgage-acquisition-on-earnings-call/ Reverse Mortgage News and Information Fri, 25 May 2012 03:24:22 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Keeping things simple http://reversemortgagedaily.com/2009/03/03/wsfs-discusses-reverse-mortgage-acquisition-on-earnings-call/comment-page-1/#comment-20413 Keeping things simple Wed, 04 Mar 2009 12:21:23 +0000 http://reversemortgagedaily.com/2009/03/03/wsfs-discusses-reverse-mortgage-acquisition-on-earnings-call/#comment-20413 The break even number for an expense control driven DE lender is generally well under 50 loans a month, not 250 loans a month. Using Mr. Turner's comments as a guide, there would only be about seven profitable lenders in the niche. We all know that is not the case. So where has the money gone? Curious report. If the pipeline growth is former Nutter clients, you have to wonder about the future QC issues....... The break even number for an expense control driven DE lender is generally well under 50 loans a month, not 250 loans a month. Using Mr. Turner’s comments as a guide, there would only be about seven profitable lenders in the niche. We all know that is not the case. So where has the money gone?

Curious report.

If the pipeline growth is former Nutter clients, you have to wonder about the future QC issues…….

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