Mortgage Bankers vs. Mortgage Brokers - the Royal Rumble

This post is from the Blown Mortgage Hall of Fame.  It caused quite a commotion when I originally posted it.  You can read the original comments here.  There are pros and cons to mortgage brokering vs. mortgage banking - I guess the question now is which one is going to last.  I'm a day away from my vacation - can't wait to catch up with you all! ————————- Several people have asked me to comment on the differences between mortgage brokers and mortgage bankers and levy an opinion on which I believe to be the better business model. I am, of course, weighing in on what I believe the best model to deliver service and a solid loan to a consumer, and will ignore owner-related issues such as profit