01-22-2007, 01:40 PM
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#6
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Fight for old DC!
Join Date: Feb 2004
Location: Aldie, VA
Age: 47
Posts: 4,101
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Re: Any Mortgage Loan Officers/Brokers here?
Quote:
Originally Posted by Beemnseven
Cool guys, thanks for the info.
Redskins_P: By wholesale and retail, is that the same as the difference between working as a broker and working as the lender directly? As I understand it, the brokers go to other lending institutions -- banks, Wells Fargo, Citi -- they act as sort of a middle man, and there are generally more fees involved that are charged to the buyer on the HUD. Whereas the mortgage loan officers who work for the large lending institutions themselves are actually the direct source. Have I got that right?.
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Correct.
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