Tag Archive for: mortgage brokers

Why We Don’t Align With UWM/Broker Channel

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Most Innovative Company in Mortgage One of the most innovative companies in the mortgage space is also the largest wholesale lender. As a reminder, there are Three Primary Channels For […]Read More

The 3 Primary Mortgage Lending Channels: Banks, Mortgage Banks & Brokers

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JVM was in the mortgage broker lending channel for years but we left because we had appraisal and service issues, and we needed far better jumbo rates. Brokers do not underwrite or fund loans. They only “originate” loans and then send them to outside “wholesale” lenders for underwriting and funding. The broker channel dominated mortgage lending prior to the 2008 meltdown.Read More

Internal Appraisal Panel; Why We Left the Broker Channel; Never Pushing Values

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APPRAISER WHO LIVED 100 MILES FROM SUBJECT PROPERTY In October, I shared an appraisal horror story about a huge Appraisal Management Company hiring an appraiser who lived 100 miles away […]Read More

“In House” or Direct Lending Explained

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While brokers act as middlemen between borrowers and lenders, direct lenders handle everything in-house. This control allows them to offer faster approvals, smoother communication, and a more consistent loan experience from start to finish.Read More

Mortgage Banks vs. Brokers vs. Commercial Banks

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Not all lenders are created equal. Commercial banks, mortgage banks, and brokers each have strengths and weaknesses, from low funding costs to speed and appraisal quality. Here’s what sets them apart—and why mortgage banks often have the edge.Read More