Provident Funding

Latest On The Death of Mortgage Brokers

Mortgage brokers have always been quick to point out that rumors of their death are greatly exaggerated, but the stats on mortgages done by direct lenders vs. brokers suggest otherwise. National Mortgage News reports that: The wholesale/broker loan channel accounted for 11.6% of originations in 3Q, compared to 10.5% in the second quarter, a period