(This is Part 1 of a two-part series.) In the last 10 years, I have written almost 50 articles on different mortgage broker topics, but none of them addressed the most basic topic of all: "What makes a good broker?" Perhaps it took 10 years before I was ready to confront this question, along with its obvious corollary: "How do you know a good broker when you see one?" Loan officers who are employed by a single lender operate very much like brokers except they provide the programs of only one lender. Most of what I say below applies as much to them as to brokers. To help me on this, I enlisted support from five brokers who I know are good: Catherine Coy (California); Christopher Cruise (Maryland); Jeff Jaye (California); Kevin Iverson (Colorado); and Don Ro...
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