Large home building companies have had in-house mortgage banks for years, but regional and local builders with smaller volumes want in on the action as well, according to a company that outsources such a service.

"Builders are in a significant profit crunch, and having an in-house mortgage company can be a very profitable venture," said Thomas H. Meyer, president of HomeBuilders Financial Network Inc. of Miami Lakes, Fla.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.