@Ryan, great job of defending your home base! :). Seriously, my fellow professionals have answered your question quite well. Most lenders are not going to be the "best" in the market on every transaction...however, I can guarantee that I will close the loan on time and with the terms we agreed upon. I can provide in depth financial counseling to ensure you are making informed decisions for your specific situation and goals. I provide knowledge, ethics and commitment to each and every client.
An 1/8 of point on a 350,000 is somewhere around 20 to 25 dollars. You are going to risk a transaction, pay double fees, go through incredible stress for twenty bucks? Hey, apply online to a company you have never heard of and probably won't hear from for weeks at a time after you apply....lose the contract and/or miss the refinance opportunity altogether. Sounds like a great plan.
All scarcasm aside, I do get that you (and every consumer) wants the very best possible deal. But mortgage financing is like everything else: cheapest is not always best. Best of luck to you.