‘Preferred’ Programs Not Giving Mortgage Brokers All of What They Want, New Nationwide Study Finds
June 29, 2006
While wholesale lenders have successfully used “preferred mortgage broker” programs as a way to generate increased business from originators, many of these plans appear to be falling somewhat short in delivering maximum benefits. That’s one of the findings from a nationwide survey of mortgage brokers conducted just last month as part of a major new study of how brokers interact with wholesale lenders in the prime conforming mortgage market. …