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August 21, 2014

Realtors Prefer ‘Local’ Mortgage Lenders Over Call Centers

By Brandon Ivey

Another concern was that out-of-state call center lenders might not know the local lending laws, which can result in delayed closings.

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Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.
The wholesale/table funder. They’re taking the financial risk.
The broker, but only for the first year. After that, the borrower is fair game.
Hard to answer. It’s a complicated issue.

vote to see results