[ridextreme]

I understand the benefit of working with 20+ lenders...

I disagree with this. You should have one or two main funding sources, and 3 to 4 sub sources for the deals they don't like. Working with 20+ is not necessary. Don't you want to make more money with once main source????

Being in this industry for almost 10 years I have heard brokers brag many times about the fact that they work with 100 or more lenders. They are only making themselves sound really bad.

[J.Celifarco]

I disagree with this. You should have one or two main funding sources, and 3 to 4 sub sources for the deals they don't like. Working with 20+ is not necessary. Don't you want to make more money with once main source????

Being in this industry for almost 10 years I have heard brokers brag many times about the fact that they work with 100 or more lenders. They are only making themselves sound really bad.

Also if you have a reputation of only working with a small group of banks the other banks will work harder to try and gain your business then if you are out there signing iso agreements with every bank on the street and shotgunning deals all over the place