Today's Commentary · September 26, 2026

Sep. 26: 11Mortgage calls it quits; Thoughts on UWM, AI governance, innovation & diversification; Saturday Spotlight: Kastle

By Rob Chrisman
The industry continues to witness corporate shifts (the latest example being 11Mortgage making “the difficult decision to exit the wholesale and correspondent lending channel, effective immediately”; more below). Money, profits, and how they are thought about matters. I know plenty of loan officers who make it a point to tell potential clients, up front, how they are paid and what the client will receive for the price. Some companies use “loss leaders.” Costco, for example, famously uses its $1.50 hot dog combo and $4.99 rotisserie...