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!
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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
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