This clearly indicates that consumers are choosing the superior options, service, and expertise offered by mortgage brokers. Brokers have forced retail lenders to compete with other loan sources driving down costs nationwide. Any consumer exercising his or her basic right to shop and compare, will ultimately find the loan options that are in his best interests. The combination of government-mandated disclosures and vigorous competition has presented today's consumer with unprecedented levels of choice . Mortgage brokers provide the same services to consumers as do retail loan offices that typically charge the consumer an origination fee.
Brokers also provide separate and distinct services and facilities to wholesale lenders.
These include marketing the lender's products and assembling and delivering the completed loan package. All of these are legally compensable.