With 20% market share, independent mortgage brokers are competing directly with retail lenders
Housing Wire
AUGUST 7, 2020
In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders. I mean we’re talking up to 30 years,” Nichols said.
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