The Name to Trust for Mortgage Industry Data, Analysis and Advice
STRATMOR Group is one of the mortgage industry’s most respected and trusted consulting firms. This reputation has been built over many years by providing clients with the type of candid actionable advice lenders need to build sustainable competitive advantages and profitability. STRATMOR’s services consist of 14 distinct offerings backed up by the industry’s leading proprietary lender performance database.
STRATMOR M&A Client Announces Mortgage Acquisition
HarborOne Bank of Brockton, MA announced today that it will acquire Merrimack Mortgage Company, Inc. of Manchester, N.H. – a privately held home loan originator that averages more than $1 billion in annual originations throughout New England. The deal is expected to close in July and will give HarborOne's mortgage business a significant presence in key lending markets in the New England region. STRATMOR acted as investment advisor to Harbor One.
STRATMOR Launches PeerViews Small Survey Program
Launched in early March, PeerViews is a fast turnaround, small survey program that gives senior mortgage executives a unique way to obtain qualitative mortgage industry information about what companies are thinking and planning as regards significant industry issues and developments without spending significant time or money on workshops or conferences. Peer View's first survey addressed lender readiness as regards the August 1st TILA-RESPA requirements.
MBA and STRATMOR Complete 2014 Peer Group Meetings
During late March and April, the MBA and STRATMOR jointly ran a series of one and a half day meetings with lenders participating in the PGR: MBA and STRATMOR Peer Group Roundtables Benchmarking Program in which 2014 lender performance was comprehensively reviewed. All lender segments reported sharp declines in 2014 profit margins over 2013, with large banks reporting 2014 losses of 43 basis points compared with profits of 83 basis points in 2013.
The Path to a More Profitable Mortgage Lending Operation is a Phone Call Away
Lenders come to STRATMOR to help them understand what the data and information we provide mean -- to help find the "signal" in the noise. What are the key trends in the industry? What are the near- and long-term industry outlooks? What appear to be "practices" that account for top performance? We are able to provide answers to these questions both because of our day-to-day involvement with the data and the accumulated knowledge and experience we gain through our varied consulting assignments.