44. Hiren Patel, Affinity Mortgage Solutions

44. Hiren Patel, Affinity Mortgage Solutions

Company: Affinity Mortgage Solutions
Location: Ontario
Total volume: $90 million
Loans funded: 165

CMP: Do you think consolidation will be a significant factor in the industry this year?
Hiren Patel:
Yes, I do think a lot of small lenders will be consolidating to achieve economies of scale.

CMP: How do you think the industry needs to change to better serve brokers and consumers?
HP:
More media coverage from industry leaders and associations on why customers should use knowledgeable brokers for their financial needs, and educating customers on financial knowledge.

CMP: What’s your prediction for the state of the mortgage industry this year?
HP:
The industry will definitely grow by more than 7% to 8% market share compared to bank originations.

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