Brokers prefer to get paid full commission on every deal, but it doesn't always work that way. Sometimes, even those who’d rather wrestle an alligator than offer a buydown end up shaving their pay or kissing a deal goodbye.
That brings us to a recent case where a broker lost a deal after being undercut by a TD rep. It was publicized in a private industry forum, with some swearing it proved TD’s got a vendetta against brokers.
Now, we're not trying to choose sides, but here's what that “banks have it in for brokers” line of thinking totally misses.
You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.
