Ishbia spoke to MPA last month over a host of issues. This is what he had to say on:

Refinance and Purchase – “Refinance definitely slowed down across the industry because rates went up a little bit. Those who have picked up purchase business are the ones that are growing and succeeding, and those that have not picked up purchases are struggling. If you’re not doing a lot of purchase business, you’re probably going to be doing less business in the second and third quarter.

“The interesting thing is our brokers are more loan officers joining the broker channel as well. We’re seeing a migration from retail loan officers to come over the broker channel, which has been really positive for our business.”

Low inventory

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