1. How are you trying to finish 2023?
- Expand and Grow47%
- Save Time and Money35%
- Elevate Customer Happiness17%
- Lower Risk/Increase Compliance2%
- Total Votes60
610 Social Media Lender Votes:
Mortgage Lending Trends from Industry Peers
At CSS, we recognize the value of understanding the current landscape in the mortgage lending sector.
Thanks to Austin Owens, our Senior National Account Representative, we’ve been able to gather valuable insights directly from lenders through LinkedIn polls. These polls may not be comprehensive surveys, but they provide a clear picture of what lenders are thinking about today. Here’s what we’ve learned from the feedback of 610 votes on a variety of important questions.
Poll Results
2. What do you use on Home Equity Loans?
- AVM52%
- Full Appraisal29%
- Hybrid15%
- Other4%
- Total Votes248
3. When it comes to HELOCs, what strength stays competitive?
- Cost44%
- Speed35%
- Lender's Reputation18%
- Other3%
- Total Votes138
4. In today's market, what's most important to your organization?
- Increasing Efficiencies42%
- Other25%
- Focusing on Quality21%
- Reducing Expenses12%
- Total VotesNot specified
5. Did you see a rise in HELOCS in July?
- Yes43%
- No41%
- Stayed the same16%
- Total Votes105
6. Where does your lending need help?
- Being More Competitive41%
- Improving Turn Times28%
- Lowering Expenses22%
- Other9%
- Total Votes32
7. What's most important when selecting a valuation solution or appraisal?
- Quality of Work48%
- Reputation/Experience33%
- Cost11%
- Turnaround Time7%
- Total Votes27
These insights, gathered from a range of professionals in the lending industry, offer a valuable perspective on the current priorities and challenges faced by lenders. At CSS, we’re committed to helping numerous lenders navigate these challenges. By understanding these industry trends, we continue to adapt and provide solutions that meet the evolving needs of our clients.
Get in touch with us today to explore how CSS can tailor solutions to your specific business needs.
