If a secondary marketing team wants to reduce their production and the
volume of loans in their pipeline they can take the action of putting up sales in a secondary mortgage.
What is a Secondary Mortgage?
A secondary mortgage is a system or marketplace where home loans and servicing rights are bought and sold between the lenders and the people investing. In this system, the lenders come in contact with the investors and agreements would be reached.
So if a secondary marketing team wants to reduce their production and the volumes of loans they have, they would have to act as a middlemen between the lenders and investors. That way they reduce the production cost.
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