For instance, there is no doubt that quicken loans is one of the biggest mortgage lenders in America. True, they are probably the #1 online mortgage lender based on their recent pay per click ads on Google. Commonly, this increases their cost of acquisition on loans originated and limits their ability to offer rates and closing costs that are comparable to a low priced local mortgage broker.
The truth is, no one is saving the manatees when it comes to originating mortgage loans. Everybody is in it to make MONEY. As a consumer, it is your responsibility to call around and shop for the best mortgage rates. Typically, smaller local mortgage brokers will have better mortgage rates and lower closing cost options compared to big national lenders/banks.