5 of 6 Get Started Topics
Broker vs Direct Lender


What is the difference between a mortgage broker and a direct lender?
Direct lenders handle the entire process from origination to funding; they make the approval decision on each loan and are the actual source for the funds. Because they control the process, direct lenders generally don't compete as agressively for your business as you would find in the Secondary Market. By using a direct lender, you can pay thousands of dollars more over the life of your loan than you would if your loan was taken to the lender with the best rate.

A mortgage broker does business with hundreds of banks and finds you the bank with the best rate. Mortgage Brokers look for Banks that need to move their money and pass those savings on to you. There is no additional cost to use a Broker and your loan is usually being underwritten with the Wholesale Bank within 24hrs from receipt of all necessary paperwork. Don't get caught with an understaffed Direct Lender who can't handle the large surges in volume. Brokers know which Banks are delivering on time and avoid the ones that get back logged.

Read What Our
Clients Say!

You were knowledgeable, honest, quick to respond. If there was a problem or discrepancy you were quick to resolve it. You provided a good faith estimate. If you promised something and it changed you took the hit. Fantastic, A+ service, I'm recommending you to all my friends! :)

Thanks
Christi Christian