Lenders are giving programs to their retail shops and starting to cutout brokers.

It is a shame lenders have forgot who made them all their money.  Now they conveniently are tossing us aside.  Which means, crappy service for your clients, slow underwriting, and higher rates.  B of A has kissed the brokers good-bye. WaMu is requiring a disclosure that their inside people will call our and your customers and go over things- total lack of control. I will not use WaMU- just a clever way of stealing your borrower and slowing down the process.  Wells is approving fha loans on the retail that they are turning down on the wholesale side.

It's difficult to do business when your lending partners are working against you.  But this will not last forever, when we offer better rates and closing costs-you are just paying out the nose to have the right to do business with the banks..