Does this sound like I'm pro mortgage broker?
There's a reason mortgage brokers account for 65% of all loans funded in this country. The current mortgage crisis makes them even more valuable. (as if saving people thousands by shopping the loan amongst several banks weren't enough...)
If you send your loan to a bank and that bank shuts down or yanks the program, you and your buyer are left holding the bag. Possbily losing escrow money, or the property altogether.
If you send a loan to a mortgage broker and one of his lenders goes out of business, he/she simply sends the package to another lender.
I know people who have worked at 3 different mortgage banks this year and each time they've gone out of business. That's 3 jobs in one year! All gone bye bye.
Just my 2 cents.