Anthony Casa on the Current State of the Mortgage Industry and Market Opportunities
Published: May 10, 2024
Anthony Casa on the Current State of the Mortgage Industry and Market Opportunities
The mortgage industry and those working within it have faced a fair number of challenges in the last two years. Rapidly rising mortgage rates and dwindling housing inventory have hurt demand and have negatively impacted mortgage brokers and brokerages.
However, where some see market challenges, others see prime opportunities to lay a foundation for success. This is exactly the mindset that Anthony Casa, President & CEO of UMortgage, holds and wants brokers nationwide to adopt.
“This is a cycle-driven business,” said Casa in an interview with Fergal McAlinden, News Editor of MPA Magazine. “You have to be early because when the market turns, others will scramble while you’ve already set your business up to scale effortlessly.”
This mentality has been key to UMortgage’s exponential growth in a shrinking market. The growing mortgage platform broke its yearly records for funded volume and families served in 2022 and 2023 and is on track to raise the bar again in 2024.
In April this year, UMortgage set company records for monthly funded units and volume with 688 families served for $238mil in volume. The platform is on pace to break those yearly records once again with sights set on at least $3.25bil in yearly volume.
As brokers start to look ahead to the changing market conditions expected later this year and in 2025, it’s crucial to consider if they’re well-equipped to manage the influx of prospective buyers and past buyers who want to refinance to a lower rate.
With a penchant for production growth in any market, UMortgage has proven itself to be the go-to platform for brokers who want to scale their production. To learn more about the opportunities available at UMortgage, visit this page for an inside look at the business growth tools available.