Why Brokers are Better!

Stuck with a single lender’s retail pricing
Loan is completely locked, cannot change pricing midstream if rates plummet
Retail pricing incorporates that lender’s high overhead costs: Executives’ salaries, stockholders’ dividends, mass marketing to include NFL, MLB, and ballpark endorsements, brick and mortar offices, high income tax burden, and much more.
Costly lock extensions
Higher fees also equate to higher rates as lenders can only charge so much. If the loan costs exceed certain state and/or federal thresholds, the lender is precluded from offering lower interest rates.
Possibly just another number on the corporate ledger

90-lender network to shop for the very best wholesale rates and fees
Can easily transition to another lender midstream if rates plummet
Always wholesale pricing
Extremely low overhead
State of the art credit repair and rapid rescore capabilities.
Free lock extensions
Because our loan fees are substantially lower, we can offer lower rates as lenders can only charge so much per federal and state law.
We form a special fiduciary relationship with each and every client to ensure the very best loan advice and service in the industry

Brokers charge higher fees through their commissions:
- Using the example below, My Mortgage Lawyer saved this client $6,638 in closing costs and achieved a lower interest rate from 6.375% to 5.99% on the exact same loan. This was the same lender but My Mortgage Lawyer used its wholesale channel and funded this loan 7 days later.

With My Mortgager Lawyer and its Tier 1, wholesale pricing, these savings are the rule, not the exception.

Brokers use substandard loan processors to cut costs:
- All our loan processors have a minimum of 10 years’ processing experience. Most, if not all our processors, transitioned from major lenders to the broker side.
Brokers’ processing and funding turn time is longer than retail lenders.
- My Mortgage Lawyer uses the same large lenders like Rocket Mortgage for the majority of its Conventional, FHA, VA, and Jumbo loans. Most loans fund in about 15-18 days from origination. However, using Rocket’s WHOLESALE channel our clients save literally thousands of dollars in costs and receive substantially lower interest rates.