Brokers Battle Wholesalers

10/11/2017
Comments
  • 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!

    Matt Pfeiffer October 11, 2017 4:38 am Reply
  • 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.

    JIm Farrell October 11, 2017 5:42 am Reply
  • 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.

    Anne James October 12, 2017 5:59 am Reply
  • Decaf that animal posing as Brian…

    Mr. Krispy October 12, 2017 12:09 pm Reply

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