Borrowers, think about this.
It is very difficult for a loan officer to break into doing purchase business with a real estate agent. Why is that? It is because real estate agents have learned how fragile a transaction is. Loans must close on time or the whole transaction could blow up. Buyers have a set budget of money to use and if the loan officer makes a mistake now what? Real estate agents know a track record of dependability is critical.
If it is this important for a real estate agent, it should be important to you.
Larry Cragun
Larry, I appreciate your respect for real estate agents and the fact that their primary concern is getting the best result for their clients. I don’t get anything by referring to a mortgage officer EXCEPT that I know the mortgage will close on time and the small number of mortgage originators that I refer to will search for the best possible program to fit my client’s needs. That is VERY important!
I have been on all sides: from lead generation, realtor, lender. No one is guaranteed a problem free loan experience, but my conclusion is this is the best approach. Lar