Quote:
Originally Posted by MillerTime GFG
Well generally speaking, the larger the brokerage, the higher the status they have with a larger amount of lenders. I'm not saying that True North is the only one that doesn't have access to the best rates across the board.
What I am trying to say is that they specialize in offering low rates...but I'm not just speaking in my own opinion that they generally aren't known for their overall "full service" and variety of products/product knowledge.
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Well, True North is a large broker so they have the same access as all other large brokers.
They specialise in lower rates because they buy down all their rates and deal with volume. That's how they make their money. The products they offer are indentical to what other brokerages offer. They're just at lower rates because they take a hit on the commissions. Something all/most brokerages refuse to do.
I know Dan Eisner is not a popular man in the broker world due to his business model, but it works. Smaller margins but high volumes.