Criterion: 'Rebellious' banks are going for broker in their war against mortgage intermediaries
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Criterion: 'Rebellious' banks are going for broker in their war against mortgage intermediaries
With home loan margins shrinking, the banks want to originate more loans in house Mortgage brokers account for about 75% of all home loans written The banks hope that better service via the use of technology will win back customers The banks are redoubling their efforts to win back direct home loan customers from the mortgage brokers, having ceded these relationships by closing thousands of branches. “Signs of rebellion are emerging,” says S&P…
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