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Mortgage Broker News | 17 Jun 2013, 12:00 AM Agree 0
One broker is asking whether or not smaller broker networks and brokerages will be challenged to compete against the clout of increasingly big players like DLC, now the proud owner of MCC.
  • @kiltedbroker | 17 Jun 2013, 02:23 PM Agree 0
    I believe as our industry continues to mature, volume will not play as big of a factor in compensation as efficiency. I would be far more worried that "The Little Guy" will be squeezed out by rate shoppers on the Interwebs than consolidation of brokerages.

    Consolidation is healthy in our industry. Best of luck to DLC as they continue to make moves in the broker channel!
  • John Bargis | 17 Jun 2013, 08:47 PM Agree 0
    The success of a small independent brokerage with good business sense, is no different than that of a franchise with good business sense. The tools available by the large franchises are readily available in the market place, all one has to do is seek and they shall find, and with no franchise fees to go along with it..No disrespect to DLC's acquisition, but the small guy is here to stay. After all, each franchise is technically an independent since lenders recognize them as such, and will only do business with those under a franchise banner if the volumes are there from the franchise itself...No different than, yes, the small independents.
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