Why do lenders use mortgage brokers?
The bottom line is that lenders use mortgage brokers because they save the lenders time and money. The mortgage broker does all the legwork of finding customers, pre-qualifying them, and compiling and submitting their loan package. As a result, lenders are able to offer discounted pricing to mortgage brokers. Mortgage brokers offer the lenders an alternative to branch offices. Since personal contact with the customer is usually required, the broker’s office serves as a lender’s branch office. This saves the lender tremendous amounts of time and money. Mortgage brokers act as a matching service – they match the right clients with the right lenders. Cornerstone Lending Group knows what each lender is looking for and submits loans that a particular lender is likely to approve. This saves the lender a lot of time and expense since they approve a higher percentage of loans. Mortgage brokers generate about 67% of all loans originated in this country.
The bottom line is that lenders use mortgage brokers because they save the lenders time and money. The mortgage broker does all the legwork of finding customers, pre-qualifying them, and compiling and submitting their loan package. As a result, lenders are able to offer discounted pricing to mortgage brokers. Mortgage brokers offer the lenders an alternative to branch offices. Since personal contact with the customer is usually required, the broker’s office serves as a lender’s branch office. This saves the lender tremendous amounts of time and money. Mortgage brokers act as a matching service – they match the right clients with the right lenders. Lana knows what each lender is looking for and submits loans that a particular lender is likely to approve. This saves the lender a lot of time and expense since they approve a higher percentage of loans. Mortgage brokers generate about 50% of all loans. Lenders have established wholesale divisions and have account representatives on staff ju
The bottom line is that lenders use mortgage brokers because they save the lenders time and money. The mortgage broker, does all the legwork of finding customers, pre-qualifying them, and compiling and submitting their loan package. As a result, lenders are able to offer discounted pricing. Mortgage brokers offer the lenders an alternative to branch offices. Since personal contact with the customer is usually required, my office at Goldwater Mortgage Company serves as a lender’s branch office. This saves the lender tremendous amounts of time and money. Mortgage brokers act as a matching service – they match the right clients with the right lenders. I know what each lender is looking for and submits loans that a particular lender is likely to approve. This saves the lender a lot of time and expense since they approve a higher percentage of loans. Mortgage brokers generate about 50% of all loans. In fact, lenders have established wholesale divisions and have account representatives on st
The bottom line is that lenders use mortgage brokers because they save the lenders time and money. Mortgage broker does all the legwork of finding customers, pre-qualifying them, and compiling and submitting their loan package. As a result, lenders are able to offer discounted pricing to brokers. Mortgage brokers offer the lenders an alternative to branch offices. Since personal contact with the customer is usually required, broker’s office serves as a lender’s branch office. This saves the lender tremendous amounts of time and money. Mortgage brokers act as a matching service – they match the right clients with the right lenders. Broker knows what each lender is looking for and submits loans that a particular lender is likely to approve. This saves the lender a lot of time and expense since they approve a higher percentage of loans. Mortgage brokers generate about 50% of all loans. Lenders have established wholesale divisions and have account representatives on staff just to service t
• Saves them time and money. The mortgage broker does all the legwork of finding customers, pre-qualifying them and putting together their loan package. As a result, lenders are able to offer discounted pricing to mortgage brokers. • Alternative to branch offices. Since personal contact with the customer is usually required, a mortgage broker serves as a lender’s branch office. This saves the lender tremendous amounts of time and money. Through a network of mortgage brokers, lenders can service a wide number of customers. • Provide a matching service. Mortgage brokers know what each lender is looking for and submit loans that a particular lender is likely to approve. This saves the lender a lot of time and expense since they approve a higher percentage of loans. • Mortgage brokers generate about 50% of all loans. Lenders have established wholesale divisions and have account representativeson staff just to service their mortgage brokers. There is a lot of competition amongst wholesale l
