2012 Loan Originator Survey
Survey and Analysis of the Nation’s Mortgage Loan Originators
The 2012 Loan Originator Survey looked at which service providers are utilized most by mortgage loan officers. Among four categories of service providers reviewed were appraisal management companies, loan origination system developers, product and pricing engines and wholesale lenders. Among mortgage service providers, Mortgage Daily advertisers had significant market share.
Appraisal Management Companies
Among AMCs, StreetLinks was named most-used by 14 percent of originators — a bigger share than any of its competitors.
StreetLinks is a Mortgage Daily advertiser.
Next were LenderVend, Nationwide Appraisal & Settlement Network, and Real EC — each with a 4 percent share. Nationwide is also a Mortgage Daily advertiser.
After that were ACT Appraisal Co., al a mode and Settlement One — each with a 3 percent share.
Loan Origination Systems
Among participants in this survey, Calyx Software’s Point was the most-used LOS, cited by 48 percent of survey participants.
Calyx is a Mortgage Daily advertiser.
With a 27 percent market share, Ellie Mae’s Encompass360 was No. 2.
Ellie also advertises with Mortgage Daily.
A 2 percent market share each was indicated for Lenders Processing Service and Byte, while many of the 22 percent who selected “other” indicated that they utilize a proprietary LOS.
Product and Pricing Engines
Optimal Blue ranked as the most-used PPE, with a 24 percent market share. Data from the Plano, Texas-based company is now used to power Mortgage Daily’s Mortgage Market Index.
LoanSifter followed with a 13 percent share, then the 9 percent share at NYLX’s Loan Decision and 7 percent for Mortech Inc.’s Marksman. Mortech is a Mortgage Daily advertiser.
iServe’s PriceMyLoan had a 4 percent share, and LXE Software Inc.’s LoanXEngine had a 2 percent share.
Wholesale Mortgage Lenders
Prior years saw most other major lenders exit the broker channel.
Among the originators who identified wholesale lenders, Flagstar Bank, FSB; Freedom Mortgage and United Wholesale Mortgage were equally cited as the most-used wholesalers.
Freedom Mortgage advertises with Mortgage Daily.
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