Last week, 307 originators switched companies and 1,157 individuals obtained their NMLS license. Notable originator movements last week include:
Figures are based on last 14 months’ production.
Top Gainers (non-Bank/CU):
Calculations based on last aggregate production of individual LO’s 14 months’ production for companies with at least 20 loan officers. Excludes companies below $100M in 14mo LO production value after gains factored in.
In borrower retention conversations, the spotlight usually falls on rates, refis, and repeat purchase behavior. But our latest analysis shows one of the largest retention opportunities in the market has nothing to do with a new loan at all.
It’s mortgage insurance removal.
Across active non-VA loans, we identified $1.47 trillion in potential MI removal volume, representing 4.45 million loans where:
For these loans, we calculated potential MI-removal volume using current home values multiplied by 80%. In practical terms, this represents millions of borrowers who may be eligible to drop MI today-often without realizing it.
When we break that opportunity down by company type, the differences are hard to ignore.
Independent Mortgage Banks (IMBs) hold the largest share by a wide margin, with:
Banks and credit unions account for:
Brokers, despite originating fewer loans overall, still represent:
The scale alone is notable-but the implications are more interesting.
In our prior borrower retention research, we showed that retention performance varies dramatically across these same lender groups. Banks and credit unions tend to retain borrowers at far higher rates, while IMBs and brokers often struggle to recapture even a modest share of repeat opportunities.
MI removal adds a new dimension to that discussion.
These are borrower conversations that are:
In other words, they reward lenders who are proactive rather than reactive.
For IMBs especially, the data suggests a massive but fragile opportunity. Holding the largest pool of MI-eligible borrowers also means having the most to lose if those homeowners learn about MI removal from a third party-or associate the savings with someone else.
For banks and credit unions, the opportunity may be smaller in absolute terms, but it aligns closely with their historical strength: using servicing visibility to initiate timely, trust-building outreach.
And for brokers, MI removal highlights an often-overlooked reality. Even without servicing the loan, a significant number of past clients may already be eligible for meaningful payment relief-creating a rare reason to re-engage without pitching a refinance.
At $1.47 trillion, MI removal isn’t a niche servicing task. It’s one of the largest untapped borrower engagement opportunities in the market. And just like borrower retention itself, the winners won’t be determined by who has the data-but by who knows how to act on it first.
When it comes to mortgage market intelligence, you have a handful of options, and RETR is one that truly stands out. Here’s what top-producer Evan Einhorn from Modern Home Lending, has to say about RETR: “RETR is a powerful tool for loan officers and brokers. It goes beyond just showing production data but gives insight into LO and Agent’s own business and prospective partners, too. RETR dives deeper into what investors LO’s favor, areas they work in, along with giving them opportunity information like Refi Finder and Loan Loss Report which is valuable info.”
But you don’t have to take their word for it. RETR offers a free trial to loan officers, branches, and mortgage companies to judge the quality of the data and insights for themselves.