| Reason | Mortgage Broker | Direct Lender |
|---|---|---|
| Representation | Represents borrower by packaging loan to highlight strengths and minimize weaknesses. | Represents the lender. |
| Customization | Offers a wide range of programs with the most competitive adjustable and fixed rates. | Offers a limited number of programs. |
| Flexibility | A "problem loan" can be quickly moved from one lender to another. | If a loan is denied, the whole process must start over. |
| Availability | Many loan officers work evenings, weekends, and make house calls. | Many work banker's hours, at the bank. |
| Professionalism | Familiar with many lenders and loan programs, and are licensed by the Department of Real Estate. | Familiar with limited number of programs and are not required to be licensed. |
| Performance | Generally paid only on commission and therefore motivated to close loans. | Generally paid a base salary plus lower commission. |
| Costs | Can offer numerous rates and fee combinations, as well as offering similar processing fees. | Offers limited rate and fee combinations, but may have lower appraisal fee. |
| Phone | 619-447-3502 |
| Fax | 619-489-3657 |
| Postal | 1570 Hilltop Dr. El Cajon, CA 92020 |