How one small lender is navigating the turbulent market
Housing Wire
SEPTEMBER 20, 2022
Delray Beach, Florida-based mortgage lender ResMac, Inc. , like many others, has trimmed its workforce so its cost structure is in line with reduced origination volume. The company is focused on expanding beyond residential loans amid a price war and surging rates. To grow in the coming years, it seeks to raise capital. It’s all part of a strategy to not only survive the most challenging mortgage market in decades, but to come out of it stronger.
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