A year ago at this time, most, if not all, third-party originators (TPOs) had significantly reduced their offerings due to the COVID-19 crisis. Even larger lenders curtailed their activities—at least initially—in response to the pandemic. At the time, no one knew where the U.S. housing market was headed.
Today, the pandemic is almost in the rearview mirror; there are more jobs than people to fill them; builders can’t build homes fast enough; and