REALTORS® & Mortgage Brokers Working Together. By Lisa Hill, "The Smart Choice"

buy house for saleI'm writing this real estate mini-series due to recent comments I've seen on other public forums, where some non-real estate professionals have indicated their belief that there is friction between the professionals who work in the multiple arms of the real estate industry. Needless to say, I've been surprised by what I've found on a couple of real estate web sites. Of course it's human nature for some people to assume the worst about many things...  surely there's a scandal around every corner! (NOT!) Well, I guess I'm going to burst some bubbles because in my 15 years of experience selling homes, I have NOT found this to be true!

When a real estate buyer is starting the buying process, they may start by contacting a REALTOR®, or they may start by contacting a mortgage representative. Either way, the next step will be for either the REALTOR® or the mortgage representative to contact the other party. From that point on, throughout the entire process, the REALTOR® and mortgage rep work together to fascilitate a successful real estate transaction.

As real estate professionals, a large part of our jobs is to make the process go as smoothly, and as stress-free as possible. I'm afraid that sometimes we may be doing our jobs too well! Why? Because when our clients don't know what goes on behind the scenes; it's easy for them to assume our jobs are easy. If REALTORS® and mortgage professionals have done their jobs well, and worked well together; aside from a few unavoidable bumps in the road; our buyers and sellers may have the perception that the process of buying and selling real estate is effortless. But any seasoned REALTOR® or mortgage professional knows all too well that MANY hours of work, caution, stress, and watchfulness has gone into almost every transaction. And it all happens behind the scenes, with REALTORS® or mortgage professionals working closely together, to ensure a successful closing.

When you look at just the basics of a real estate purchase, IE: beautiful house for sale

  • every addendum;
  • every inspection;
  • every appraisal;
  • every survey;
  • every title search;
  • every due date that cannot be overlooked;
  • every mortgage payoff verification;
  • every fax, e-mail, and phone call to all the parties that are involved (title companies, attorneys, buyers, sellers, appraisers, surveyors, mortgage reps, lenders, et al)
  • and the grand finale... every "clear-to-close";

you'll find an intricate, detailed process that must be handled with care.

So I'm inclined to disagree with the assumption that REALTORS® and mortgage professionals do not generally work well together. If that were the case, we would not have successful closings. And being that we work on a commission basis, it's in our best interests to work well together.

I appreciate my regular mortgage brokers and lenders who keep my buyers and sellers happy, and make my job easier for me. And in the event that I'm working with a mortgage professional with whom I have not worked before, it's not my first inclination to assume the worst.

I know that we all value our jobs and our clients, and the best course of action is for us to keep open lines of communication. And in the end, we all leave the closing table with a sense of accomplishment, and the satisfaction of knowing we've fascilitated another successful transaction, with happy real estate buyers and sellers.

This is my real estate experience. And I'd like to thank all my awesome, loyal real estate buyers and sellers who have contributed to my real estate career over the years.

For all your real estate needs, make a Smart Choice and contact Lisa Hill with Adams Cameron & Co., REALTORS®.

Visit my web site at www.DaytonaBeachRealEstateSales.com.

Lisa Hill Daytona Beach native and real estate agent for Adams Cameron Realtors

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10 Comments on REALTORS® and Mortgage Professionals Working Together: By Lisa Hill Daytona Beach REALTOR®

AUG
14
612,101 Points 244 Featured Posts Localism Sponsor Outside Blog

Lisa, I get along great with  the mortgage brokers I do business with. It's the ones I don't know and trust that can sometimes be a thorn in my side. But as a whole I have had good experiences.

5:40pm • #1
423,646 Points 17 Featured Posts Outside Blog

Bryant- There are always a few who just don't do a very good job. But that holds true for every arm of the industry. I've met some incredibly clueless REALORS®, attorneys, title company employees, appraisers, mortgage reps, etc. But the majority of each of these (and more), in my experience, do a good job, and we get along well. I'm just not sure where people are gettng the idea that the majority do not get along. I'm sure I'll be stupefied by something else soon. lol

10:57pm • #2
AUG
15
288,290 Points 4 Featured Posts Localism Sponsor Outside Blog

Hi Lisa, I probably shouldn't comment on clueless realtors, etc., so I won't. ;-) I'm having more fun with social media, videos, and photos than writing about RE ... have you noticed? ;-)

9:27am • #3
423,646 Points 17 Featured Posts Outside Blog

Susie- Sorry. I hadn't noticed the trend. =/  But then I recently decided to take a break from YouTube (3 years and too many changes... Google ruined my fun) and I'm not a Twitter fan. Leave it to me to buck the system. I'll have to checkout your pattern ;-)

11:56am • #4
1 Featured Post Outside Blog

Lisa, I have been blessed to have had the opportunity to work with some really terrific mortgage professionals.

7:39pm • #5
423,646 Points 17 Featured Posts Outside Blog

Marie- So have I. And many other professionals as well =)

7:58pm • #6
187,478 Points Localism Sponsor Outside Blog Hit Router

Lisa, I too have worked with great mortgage professionals here in Lewisburg WV.  They are tops.

9:32pm • #7
AUG
16
423,646 Points 17 Featured Posts Outside Blog

Rebecca- Thanks for commenting. I'm happy to see that other agents feel the same as I do.

12:23pm • #8
AUG
17
387,453 Points 23 Featured Posts Outside Blog

Lisa,

I always felt the same way towards the mortgage brokers I worked with. Even when I have not met them in person, and all communication was on the phone and by e-mails

11:02pm • #9
AUG
18
423,646 Points 17 Featured Posts Outside Blog

John- Maybe we've been blessed with good mortgage reps in our area! =)

9:53pm • #10

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Lisa Hill (Daytona Beach Real Estate)

Daytona Beach, FL

More about me…

Adams Cameron and Company

Address: 1100 Dunlawton Ave., Port Orange, FL, 32127

Office Phone: (386) 761-6100

Email Me

Areas Served: Daytona Beach, Daytona Beach Shores, Ponce Inlet, Wilbur by the Sea, Port Orange, Ormond Beach, South Daytona, Holly Hill, New Smyrna, Edgewater, Florida Shores.

www.LisaHillRealtor.com

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DISCLAIMER: Lisa Hill disclaims liability for any damages or losses, direct or indirect that may result from use of or reliance on, information contained in her blogs or for accuracy of comments or opinions of visitors to her blogs.

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