Why You Should Choose a Mortgage Broker: Part II
Thursday, June 17th, 2010At ABBA First Mortgage we’ve been hearing a lot of mortgage bankers disparaging mortgage brokers lately. Just yesterday I heard I heard a couple of mortgage bankers on a local radio show spouting the same old tired arguments that we’ve heard before- bankers can get it done and brokers can’t. Bankers are more qualified than brokers. Etc., etc., etc.
The strange thing is that this is more than just trying to sell yourself or your institution… it is simply untrue. Mortgage brokers are without question the most educated, qualified mortgage providers in the country. Don’t just take my word for it though.
One of our very favorite “Tweeps” had this to say on her blog:
If a non-licensed mortgage originator (registered mortgage originator/banker) tries to tell you that mortgage brokers are licensed because they are the cause of the mortgage crisis, please remind them that it was the mortgage banks that created and underwrote the mortgage programs AND it is the mortgage banks who hired their reps to call on mortgage brokers to push their programs.
If Congress truly wanted to serve the people, they would have created the same standards for all mortgage originators regardless of campaign contributions, lobbyist, the type of institution they’re employed by. Consumers should not have to sort out the differences between a Licensed or Registered mortgage originator. ALL MORTGAGE ORIGINATORS SHOULD BE LICENSED.
Couldn’t have said it better myself! At ABBA First Mortgage we often jokingly say, “Why would you work for a bank?” “Because you can’t cut it as a licensed mortgage broker.” Yes, its funny. But its also true.
Give one of our mortgage experts a call to discuss how we may be able to save you money today.
©2007 ABBA First Mortgage, Inc.
