Patrick O'Brien

Patrick O’Brien is a mortgage banker turned software entrepreneur at LenderLogix. With QuickQual by LenderLogix, your borrowers and Realtors can issue their own pre-qualification and pre-approval letters. Intrigued? Learn more now.

Newsletter: Closed Loan Economics, Mariah Carey, Better Mortgage

Lending Insight from our CEO 💡 

One of the most eye-opening concepts you can learn as a mortgage banker is to understand the economics of a closed loan.

According to the MBA, in Q3 2021 the numbers looked something like this:
Net Revenue per Loan: 396 bps
Expenses per Loan: 307 bps
Net Profit per Loan: 89 bps

 

LenderLogix Fee Chaser Now Partnered with CardConnect

Simplifying the way mortgage lenders accept and manage credit cards payments

LenderLogix has...

5 Reasons Selling Your Home Without a Realtor is a Terrible Idea

Given my background as a career mortgage banker, I often find myself in conversations with people...

The Year of the Mortgage Lender IPO 💰

Starting with Rocket Mortgage's highly publicized public offering in August and United Wholesale...

QuickQual - Now With Loan Comparison Scenarios 📱

Over the past year, tens of thousands of QuickQuals have been created and we are constantly...

The Rocket Mortgage Playbook 🚀: Distilling the Quicken Loans S-1

In 2009, Quicken Loans originated one out of every one hundred mortgages in the United States.  In...

The 12 Days of Chrisman

The Harvard Classics is a 51-volume collection of classic literature that was curated by Harvard...

I’d like to buy an “M” please

The Leads Aren’t Weak

Leads are the lifeblood of the mortgage business. The name that comes up most frequently when...

LenderLogix QuickQual Now Integrated with Calyx Point

LenderLogix, a leading provider of cutting-edge software to help mortgage lenders originate more...