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Mortgage originations increase year over year

According to the latest Experian-Oliver Wyman Market Intelligence Report, mortgage originations increased 25% year over year in Q1 2015 to $316 billion. The Midwest region displayed the highest growth, increasing 45% to $61 billion. Mortgage delinquencies (60 to 89 days past due) continued to move in the right direction, declining from 0.54% to 0.50% over the last year.

As the mortgage market continues its growth trend, lenders can stay ahead of their competition by using advanced analytics to target the right customers at the right time.

>> Revamp your mortgage and HELOC acquisitions strategies