ICE Mortgage Technology

The hidden cost of fee cures: A recent cost analysis on uncovering and preventing fee cures 

Volatile mortgage loan volume and profits in today’s real estate market are causing lenders to seek out ways to reduce expenses. Most understand that fee cures are a cost of doing business. But, their recurring rate and effect on profit margins remain largely unmeasured due to a lack of published data. ICE Mortgage Technology conducted a cost analysis with a deep dive into previously undetected and preventable expense eroding mortgage lender profit margins. It’s the depth at which these expenses eat into lender profitability.