Blown Mortgage: The Mortgage Broker vs. Mortgage Banker Argument
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Mortgage Banker · 4 months agoI have been in the Mortgage Banking business for over 25 years. During my career, I have worked for some major, large banks. I now work for a Mortgage Banker. We do offer many types of loans and our rates are very good, usually better than large banks and mortgage brokers. We do not overcharge our clients and have no "hidden" fees. During my career I have heard so many complaints about mortgage brokers. They do have hidden fees, most are not completely honest with their clients and they do make lots of money on most loans. They do not have any more products than we offer, whether is be a a large bank or at a mortgage banker shop. Brokers are out to make a buck and they do not let much stand in their way!