photo credit: bb_mattToday’s guest post comes from an anonymous senior industry executive (so anonymous, not even we know the true identity!).  Due to the controversial views expressed in this guest post, we will be heavily moderating comments, so please do remember our comment rules!  Enjoy.

Brokers are threatened by big bank dominance, however should they band together they’ll be in a stronger position to secure the longevity of the industry, writes a senior industry commentator.

With the market in such a state of flux it’s tough to call what next month will bring, let alone six to twelve months in to the future. Nevertheless I think you can draw some pretty firm conclusions on the future shape of our industry based on well founded assumptions about past behaviors.

Let me put my comments into context.  I have worked for major banks, non-bank lenders and mortgage managers over many years and I am still heavily involved in the mortgage and mortgage broking industry.

I’ve been on the asset and liability committees of major lenders where they debate mortgage pricing, margins and profitability.
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