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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.

Impac MortgageThe 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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