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Go Big or Go Home: Brokers and small lenders are being crushed under the weight of heavy regulation, leaving loan officers little choice but to shoulder the burden themselves - or move to an organization that can handle the regulatory requirements
Magazine article

Go Big or Go Home: Brokers and small lenders are being crushed under the weight of heavy regulation, leaving loan officers little choice but to shoulder the burden themselves - or move to an organization that can handle the regulatory requirements

Kevin Gillen
National Mortgage News, Vol.40(12)
01 Mar 2016

Abstract

Alliances Business conditions Compliance Consumers Earnings Infrastructure Loan officers Mortgage brokers Regulation of financial institutions Wall Street Reform & Consumer Protection Act 2010-US
As the purchasing market heats up, the earnings advantage will go to mortgage loan officers (MLO) who are backed by mortgage lenders that have a strong brand, deep pockets and an infrastructure that can support competitive rates, on-time closings and a suite of products that appeal to market needs. Brokers and smaller lenders have lost the competitive advantages they enjoyed prior to the Dodd-Frank Act.

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