Sentences with phrase «loan production costs»
«The survey results clearly indicate that many lenders don't have the right technology in place to handle the requirements of TILA - RESPA, and are scrambling by hiring more labor to help close the gap, which only drives loan production costs higher,» said Sanjeev Malaney, CEO of Capsilon Corporation.
https://www.housingwire.com/
«Some loan closings may have been pushed into the second quarter, resulting in an increase in profitability as per - loan production costs declined,» Walsh added.
Not exact matches
In essence, China has been loaning Chinese solar module manufacturers in that country money at low - interest rates for both production and installation, even when installation takes place in other countries such as Germany, which makes Chinese products unbeatably cheap when paired with Chinese advantages in labor and logistics costs.
(Sec. 246) Amends the National Institute of Standards and Technology Act to require the Secretary to establish a program for awarding grants to states to establish revolving loan funds to provide loans to small and medium - sized manufacturers to finance the cost of: (1) reequipping, expanding, or establishing a manufacturing facility in the United States to produce clean energy technology products, energy efficient products, or integral component parts of such technology or products; and (2) reducing the energy intensity or GHG production of a manufacturing facility.
Using a $ 529 million low - cost government loan, it plans to start production at the plant in 2012.
Capsilon builds enterprise technology specifically for the mortgage industry, enabling lenders to improve loan quality while reducing production costs and turnaround times.
According to the MBA, the «net cost to originate,» which includes all production operating expenses and commissions, minus all fee income, but excluding secondary marketing gains, capitalized servicing, servicing released premiums, and warehouse interest spread, was $ 5,038 per loan in the third quarter, down from $ 5,074 in the second quarter.
This cost data is consistent with recent Mortgage Bankers Association data that reports total loan production expenses increased to $ 7,000 per loan in the fourth quarter of 2014, from $ 6,769 in the third quarter.