Why choose a Mortgage Broker instead of a bank or direct mortgage lender?Mortgage brokers have a similar role to insurance brokers. They don't work with one company. Instead, they work with a wide range of wholesale lenders. This means Brokers can shop around to offer you more customized loan products and also more competitive pricing.Banks and non-bank direct lenders rely on their own money to fund their mortgages. Typically, this means fewer loan products may be available and pricing is less competitive.