Bankers and brokers have been throwing the same arguments around for years. Brokers claim to be better because they have access to programs offered by many different lenders and can therefore find the best program for you. Bankers claim they have more control of the loan approval and funding process and can offer lower rates. Both arguments are true to some extent. However, it really depends on the size and reputation of the institution involved.

Brokers According to Bankers: For example, bankers like to characterize brokers as fly-by-night opportunists who don’t care about their conduct — by the time the borrower realizes that he’s been taken advantage of, the broker has left the business and begun a new career selling cars or Amway.

Bankers According to Brokers: Brokers prefer to portray banks as moss-covered behemoths that only offer two programs and charge outrageous fees.

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