As numerous industries still work to recover from the credit crisis and related fallout, no one faces a more difficult uphill battle than mortgage bankers. The lending environment they inherited after this tumultuous period is marked by significantly reduced loan volumes and profitability. Loans must now be put through an even more complicated and regulated process, with reduced flexibility on credit approvals. The crisis brought on new, stricter regulation in response to the numerous loans that have been and will continue to be subject to repurchase demands due to lenders' quality-control errors.
