Creator of the BRAWL (Brokers Rallying Against Whole-tail Lending) movement and AIME (Association of Independent Mortgage Experts), Anthony Casa has created platforms to empower brokers and bring change, in terms of policy and business practices, within the industry.
When I speak out against the retail channel, my intention is just that — to attack the retail business model. I strongly believe the independent mortgage channel is more than the best option for consumers — it’s the best option for loan originators, as well. I think the retail mortgage banking model is broken and quickly fading, as giant banks and retail lenders concern themselves more with profit margin than with client service.
The good news is that mortgage brokers continue to outpace their retail counterparts in business growth, a trend that has lasted the better part of two years now, especially as the market has been so heavily dominated by purchases.
BRAWL has given mortgage brokers a real voice in the industry – one that can’t be ignored. The movement sparked meaningful change that has helped mortgage brokers grow their business. It started professional dialogue between brokers and wholesale lenders that, in many cases, has led to mutually beneficial solutions and working partnerships that are stronger than they were previously.
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.