The group has submitted a BRAWL-endorsed list of wholesale lenders that do wholesale business the “right way” – wholesale lenders that support the broker channel and do no more than 20% of their business on the retail side. On the flip side, they also named the lenders that are notorious for flipping leads over to their retail channels and permanently stealing customers.
A network of independent mortgage brokers throughout the country have banded together to launch a national movement in the mortgage industry, Brokers Rallying Against Whole-tail Lending (BRAWL), an initiative focused on stopping the unethical practices used by “whole-tail lenders.”
HUD’s objectives are sometimes distributed by factors ranging from politics, socio-economic disparities and even natural disasters. When American homeowners fall victim to any of these elements, HUD is not only there to offer a helping hand, but often serves as the tool that leads to recovery.