Broker Domination May Wane
They say this ever time in the press: "The Mortgage Bankers Association released a report on mortgage origination channels. The report was done to provide some clarification regarding terminology surrounding the different origination mediums. While brokers currently generate more loans than any other origination channel, a decline in overall production and consolidation within the industry could change that."
I have seen almost this exact word for word news piece every single time (at this point in the cycle), from the industry news people. It's merely wishful thinking on the part of many; you all must know by now the consumer residential real estate mortgage industry here in America generally does not like LO's or Brokers. 'They' (brokers & LO's which are the entry level jobs in the overall industry) are looked down upon by 'real loan people' - the Lenders - because they're often uppity. Too many brokers and LO's cut every corner they can to earn Big Commissions - and the fact that many do earn big incomes (during the easy times) offends lots of lenders, so they are gleeful when they see evidence Brokers and LO's may be on their way out!
This is my FOURTH cycle, this attitude has been like that all along. LO's & Brokers are not about to be extinct - IF you stay on your toes, learn your trade, pay attention, never stop learning, work hard and ... above all ... be sure YOU'RE FULL OF INTEGRITY & ETHICS!
Domination May Wane 
