Anyone build their own loans to sell?

[Matt Maluchnik]

I'm speaking with a local mortgage lender...and it's basically a small business that packages loans..then sells them to a larger entity that buys them.

As someone who's started a couple companies...I thought to myself...well why don't I just get who they are selling to and package my own loans as I do my own deals...cut out the middle man and save a few thousand dollars on broker fees ect.

Anyone else currently do this?  Did I simplify this too much?  I'm assuming it's just finding the criteria this BUYER has, then filling out the proper information to sell to them.  I close myself using Cash from my new 'mortgage company', but immediately resell the loan to one of these companies.