Jun
20th
Filed under Lending Knowledgebase |
Posted by pooch
Ten years ago a loan File was typically about 2 to 2 1 / 2 inches thick.
Today, that same file is closer to 1 / 2 inch, according to Tricia Bailey, president - wholesale division in BrooksAmerica Mortgage Corporation, Santa Ana, California.
With the volume of loans sector experienced in the first half of this year, imagine all the paper that was saved.
When you consider that the top 25 wholesale lenders alone produced more than $ 1 trillion in loans in just the first six months of 2003, according to Inside Mortgage Finance (August 15, 2003), two others joined in.
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