Latest News

Rate Wars In The Broker Channel

posted by The Mortgage Associates    |   February 9, 2015 09:20

Rate Wars in the Broker Channel

Article yMarkKerzner, Special to CMT, February 6, 2015

"Competition in the mortgage origination market has benefited consumers, full stop.

Two years ago I wrote this column. It provided evidence that a strong broker channel keeps lenders competitive, thereby benefiting consumers. The same holds true today.

While broker share is approximately 30% of the total market, it operates as a check on the system, forcing all channels (including branch and mortgage sales force reps) to sharpen their pencils."

To read the full article please click here.