Preapprovals fell 15% in Q3 as home prices spiked: LenderLogix by James Kleimann for HousingWire
HousingWireHousingWire LenderLogix, a provider of mortgage point-of-sale and automation software for lenders, said that borrowers generated 49,392 preapproval letters through its QuickQual preapproval program in third-quarter 2024, a 15% decrease from the second quarter. The average number of preapproved borrowers per loan officer decreased slightly to 28.5 in the third quarter,…
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