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Jus lemme clarify the by "woodduck" I mean target. I can generally obtain with a pretty secure financial backing for my type of deals that don't involve >85% LVRs. And rarely do I not have at least 10% immediately available deposit anything. The latest one was a low-doc for 60% of valuation, no...

utter baloney! Either your dealing with woodducks, or you are the woodduck. (or an MB :rolleyes:) Banks are doing their best atm to cut out MBs, did I mention I paid no fees going direct for my last loan and a refi? Not even valuation fees.

Here's the deal: 95% of MBs do not have any direct connections with lenders imo. they have a connection, who has a connection who goes to the lender. As I posted to Rolf: The original Q of what they do is simple. They do all the research and find what you want and/or need. Want the cheapest...

Fact is the vast majority have absolutely no clue what the client really needs, nor the experience to recommend anything and just repeat what taught in an accreditation course that a monkey can pass. More so those franchises imo. Which is why they are face regulation which is (and won't be)...