No way! The banks would like you to believe that no doubt. But it’s totally false. As a mortgage agent, I have access to many “A” lenders including many of the big banks for which I can place business. Lenders including the big banks, have to offer better rates in the broker channel because of the competition (unlike if you walk into a branch yourself). So while it is true that I can help many people a bank would turn down, I can most certainly also help people the bank would approve too!