2022 marked one of the most challenging years in decades for the mortgage lending industry. What was once a market with the lowest interest rates seen in years quickly flipped as rates doubled, and the dream of homeownership became harder to imagine for consumers on the hunt for their next home.
Many lenders, however, remained nimble despite ever-changing conditions, leaning on technology to help their customers navigate the market and uncover new opportunities to grow their business. In 2022, Total Expert powered more than 2.1M mortgage loans, demonstrating its role in supporting banks, mortgage lenders, and credit unions to combat the evolving home-buying market challenges. Read on for more stats on how financial institutions leveraged Total Expert in 2022.