COMPARING RETAIL LENDERS
vs. BROKERS vs. LOAN FACTORY
|
Loan factory |
Other brokers |
Retail lenders |
Compensation |
High and flexible |
High and flexible |
Low and inflexible |
Technology |
Proprietary. The Best and only all-in-one Platform |
Software compatibility issues |
Software compatibility issues |
Monthly Fees |
None |
Technology-use fees |
None |
Pricing |
Excellent |
Good |
Worst |
Turn times |
Fast |
Fast |
Slow |
Support |
Dedicated Team |
Maybe |
Varies |
Training |
Yes |
Yes |
Yes |
Mentoring |
Yes from #1 Loan officer in the country |
Maybe |
Varies |
Relationship type |
Mostly 1099 |
Mostly 1099 |
W-2 |
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