Mortgage brokers and wholesale lenders have risen from the depths of despair as a result of the shift to a purchase market and greater consumer demand for a more informed and seamless borrowing experience. But to keep that momentum going, brokers must effectively manage the challenges that come with a growing business and capitalize on emerging opportunities better than their retail lending peers.

 

"Loan officers leaving retail lenders and banks to become mortgage brokers has been a big trend in 2017, and will continue in 2018, 2019 and beyond," said United Wholesale Mortgage President and CEO Mat Ishbia. "A growing number of loan officers are seeing that mortgage broker shops are the best place for them to work, with all the product, pricing and service options."