Brokers Battle Wholesalers

10/11/2017
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Brokers battle wholesalers that have retail divisions with a new petition.

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4 thoughts on “Brokers Battle Wholesalers”

  1. Matt Pfeiffer says:

    Correction: Here at Land Home Financial Services, we service close to 100% of the loans we close. My contact information is on the monthly billing statements and unless I leave the company, my client is my client. There are solutions for frustrated LO’s out there. The annual servicing bonus we receive on our cumulative, closed client database is just a cherry on top. Make it a great day guys!

  2. JIm Farrell says:

    Most brokers don’t underwrite, fund or service. The only thing you can do is beat the wholesalers rate either going back to the same wholesaler or to a new lender. Also, imagine you work at Wells Fargo and a broker is using Wells’ wholesale and beats the rate you can offer. Ever try to renegote for a lower rate if you work at Wells? Much easier if you broker the loan to Wells wholesale.

  3. Anne James says:

    My UWM rep, Gary Gains, went through my pipeline and marked old loans as possible Regis for MI removal or rate reduction. Now I work those first.
    My other rep just calls and asks for more loans.

  4. Mr. Krispy says:

    Decaf that animal posing as Brian…

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