The company said it would wind down its third-party originations channel following deteriorating volume and margins in 2022 that stretched into the first three months of this year.
The move was announced as an effort to cut costs.
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The Rise of Digital Lending Platforms: Transforming the Mortgage Originating Process
Discover how digital lending platforms are transforming mortgage originating processes, enhancing efficiency, personalization, and compliance.
Estimated reading time: 0 minutes, 20 seconds
Impac Mortgage Goes Broker, Winds Down TPO Channel
Impac Mortgage has unveiled a shift to a mortgage broker fulfillment model for its retail consumer direct lending vision. So reports Seeking Alpha.
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