Exodus From Wholesale Unlikely in the Wake of Guaranteed Rate’s Exit

National Mortgage News, Jan. 14, 2022–Brad Finkelstein (subscription)
Guaranteed Rate’s exit of the wholesale channel is an outlier, with few, if any, companies likely to follow along. The mortgage brokers that worked with Stearns Wholesale “saw the writing on the wall” after Guaranteed Rate’s purchase of Stearns Lending took place one year ago, said Brendan McKay, president of broker advocacy for the Association of Independent Mortgage Experts.