Perhaps the future for loan brokers isn't so bleak after all.
Wholesale lenders table funded almost $33 billion of loans in the third quarter, giving the channel a 9.2% market share, according to new figures compiled by National Mortgage News and the Quarterly Data Report.
In the first and second quarters of this year brokers had market shares of 6.8% and 7.9%, respectively.
The 6.8% figure marked an all-time low for the industry.
Brokers facilitate the closing of loans using table funding. Three years ago they had a 19% share.
