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• Michael Lloyd 2018-10-19 4:11:17 PM I have to disagree with your response here David. I think small brokerages are much more likely to take on more risk when it comes to new Brokers being added to their teams. We know it is getting tougher to meet each lender's volume requirements for smaller houses, but larger brokerages don't need to bring on those types of individuals to hit those targets. You also miss the bigger play here...lenders are more responsive to volume, they always have been and always will be, so the bigger houses get their best underwriters and best chance at getting the deal approved and closed. Quality will win out, but that doesn't mean staying small guarantees quality.

• Chris 2018-10-19 1:18:26 PM Amen Wane, Amen

• Wane Davis 2018-10-19 11:29:35 AM As it has often been said, but can always be repeated...the market share the broker channel should be after is the banks market share, not eating consolidation which is basically like eating its own young.

• David Larock 2018-10-19 10:00:29 AM One other important point to make on this topic. Brokerages often rationalize moving to a large firm as a way to increase their pricing power. But when you hitch your wagon to a large network, your funding ratios are also typically amalgamated. Brokerages that over expand inevitably dilute the quality of their brokers, which leads to more declines and cancellations. Lenders are increasing their focus on funding ratios and are now much more willing to cut off brokerages that waste their time. This trend is only going to intensify. Bigger won’t prove better over the long run. Quality will win out.

• CP 2018-10-18 4:50:23 PM I am actually in that same situation.I called FSCO today and was told that I should disclose that on the application and submit your discharge with your application and they review it on a case by case basis. Good Luck