Consumer's Guide to Loan Brokers

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Consumer's Guide to Loan Brokers

Indiana provides borrowers with an excellent resource to help them evaluate mortgage brokers. I found it to be very well written and informative.


One of the statistics the report provides is that roughly 80% of residential mortgage loans are originated by a broker. Each broker works with anywhere from 10-70 lenders. I'm sure you've dealt with a few brokers as many of them like to be very involved in the loan signing process. These are individuals who should always receive your business card and possibly a follow up email/letter informing them that you appreciated the opportunity to close their borrower and look forward to any future business they might have.

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