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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Do You Have a Quality Mentorship Program?The purpose of a mentorship program is to facilitate field training for new hires that are not experienced so that they will receive the support they need to transition into productive members of the sales force. Having a mentorship program will also relieve the burden on branch managers who are then freed up to recruit additional producers and provides management field training/experience to senior-level producers.
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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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