I am looking for comments from people about becoming a part of a mortgage banker versus simply brokering loans out to FHA lenders, or trying to get in the "back door" of FHA. I understand that HUD is swamped with new applications for "eagles" right now.
If a banker could offer FHA lending (and conventional/VA) in 35 states, are mortgage brokers interested in being on that team concept. What would have to be the characteristics of the company that would attract that broker? If the pricing were good, is that all? Is service important relative to speed?
Thanks!
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