The mortgage intermediary companies are facing a potential recruitment crisis because of a insufficient graduate mortgage brokers entering the industry. The economy has been within the toilet for the last few years. Part of the reason they are forced to have this agreement is because most lenders (read small banks) are not broker friendly.
Should you later must refinance your mortgage loan, utilizing a mortgage broker can be considered a major asset here as well. A mortgage banker, on another hand, underwrites a job candidate and offers its own funds. The home loan rates are rising with each passing day and you won't want to hold back a long time for approval.