the other is an online lender who has been around for awhile and who happens to be local too.
The cash to close at the first one is thousands of dollars more than the online one... Mostly because the first one is charging a percentage-based origination fee and higher line item fees whereas the online one has no origination fee that I can see and lower fee costs.
One seems to either be way over charging or the other is way undercharging. How do they both stay in business in a market where this type of information is easily accessible? Seems like one or the others model would break.
What am I missing in comparing these two?
If both have local teams is the service level really going to be that different?