"HousingWire's rankings pull from recorded mortgage transactions and assign credit to the loan originator of record. That has several implications: It normalizes how production is counted across lenders, geographies and market cycles."
"In Banosian's case, the HousingWire data shows him near the top of the national rankings by volume and units, but just shy of the $1 billion mark he has achieved in other years."
"If one of my team members runs as a point person for the application of the client, we just recognize them as the loan officer on the transaction, he said. We feel like it's a really great way to do things and a clean, compliant way to do things as well."
"The move to transaction-based rankings raises the bar on transparency and comparability: Compliance and attribution."
The HousingWire Mortgage Rankings offer a standardized view of origination activity based on recorded mortgage transactions rather than self-reported data. This approach normalizes production counting across various lenders and market cycles, emphasizing the actual loan officer involved in each transaction. The rankings create an objective benchmark for tracking performance over time. Shant Banosian's case illustrates the impact of methodology on rankings, highlighting differences in loan attribution among team members. The transaction-based system promotes transparency and compliance for lenders and branch managers.
Read at www.housingwire.com
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