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Article: ROUNDTABLE: If You're Going to San Francisco: Amid the protests at the Mortgage Bankers Association annual convention, our panel discussed the future of the wholesale channel.(Discussion)
- Article from:
- Mortgage Line
- Article date:
- December 8, 2008
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MARK F.: The big news in the weeks before the convention is that a number of companies like GMAC and Citi have scaled back their wholesale operations or gotten out of the business. What is the future of wholesale?
LISA: I see it as an opportunity. It allows us to work with (brokers), educate them and we certainly need to look at our processes before we bring them on board, so we make sure we are getting good quality relationships. We know there are many good quality relationships to be had, so we're happy to be in this business right now.
MARK F.: So it is an opportunity to gain market share when the big players are retreating?
MARC H.: I think ...