Mortgage production fell by 67% from 2021 due to prevailing economic volatility and stricter lending criteria. The increase in the rejection rate of loan applications over the past two years due to macroeconomic volatility has been contributing to churn in the demand for credit. All this is happening at a juncture where more than half the American population is moving away from convention ways of single source of income. This can become a serious problem if lenders continue to find it difficult to approve more risk-free loans..

The session dives into this problem to understand it better and its significance in the lending scenario. It also entails how to fix this by finding risk-free ways to work with the borrowers to approve more loans.