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 Evolution of Digital Originations in Mortgage Lending
Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
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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