This is an easy one. For peace of mind, please verify on your own that closed mortgage volume-wise, Edge Home Finance is the #1 (PURE!) broker in the US and has partnered with over 150 residential and commercial wholesale lenders.
That Edge functions 100% as a broker is an important distinction. We do not offer “Hybrid” mortgage services, we’re a pure broker. Hybrid lenders broker loans but also function as a direct lender too meaning they offer their own ‘In-House’ loan products.
A hybrid lender may conflict with your best interest, and here’s why. You should be aware that in addition to the standard mortgage origination fee, a direct lender can also include additional costs that can be hidden within the (slightly higher) interest rate. Doing this makes that loan product more lucrative for them. It makes sense that a hybrid lender will often push their own product first because it’s in their own best interest to do so.
Ask yourself, if they are putting their own best interest first, are they looking out for your best interest?
A 100% pure broker includes the standard origination fee and does not add or blend any costs into the interest rate. This is a win for you!
