Brokers are rethinking whether they should be mortgage bankers due to the recent qualified mortgage rulings by the Consumer Financial Protection Bureau, according to Rob Chrisman’s daily mortgage news and commentary.

Some brokers are debating if they should switch to some kind of correspondent model because they think it gives them greater control of their pipelines, the report explained.

The change to a correspondent model requires obtaining a warehouse line of credit and involves a different set of reps and warrants. 

Meanwhile, Chrisman said a lot of talk is starting to surround the mini correspondent program, including the regulations that are involved with it.

However, the report includes a comment from Andy Harris, president of Vantage Mortgage, saying this is not the first time these issues have come up, and he believes there is no reason to be concerned.