But some borrowers took out loans in ...Not Making Ends MeetTheDay, CT -Feb 24, 2008Most of those loans were for relatively small amounts, either to refinance an existing loan or to buy a home or condo. In most cases, banks usually close mortgage loans more quickly than a mortgage broker does. This is probably because a mortgage broker deals with two types of persons - the lender and the client. Resolving mortgage issues between these two is a time-consuming job.