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Exactly how automation may help financial institutions tame the home-credit roller coaster The brand new cyclical characteristics of your own market doesn't mean loan providers shall be forced to perform that have size choosing or firing because the interest in mortgage loans ebbs and you will flows, experts say. Ascending rates of interest have led to a serious shed needed for mortgage brokers and you may refinancing, leading to payday loans Colorado a revolution out-of layoffs regarding the mortgage divisions from the a number of the nation's largest banking companies, also JPMorgan Pursue and you will Wells Fargo. However the cyclical characteristics of the property-financing markets does not always mean lenders will likely be compelled to react which have mass hiring otherwise shooting since need for mortgage loans ebbs and…