Reason Mortgage Broker Direct Lender Representation Represents borrower by packaging loan to highlight strengths and minimize weaknesses. Represents the lender Flexibility Offers a wide range of programs with the most competitive adjustable and fixed rate loans. Offers a limited number of programs. Professionalism Familiar with many lenders and loan programs and are licensed by the Department of Real Estate. Generally paid only on commission and therefore motivated to close loans Generally paid a base salary plus lower commission.
Costs Can offer numerous rates and fee combinations, as well as offering similar processing fees.
Offers limited rate and fee combinations but may have lower appraisal fees.