As a Realtor the short answer for me is Yes, definitely. Now I am definitely not saying that you should not shop other options and look around, but take a few of these things in mind to why your Realtor may have suggested this person. As a Realtor, we work 100% for free until the day that loan is closed. This many times falls directly in the lap of the Loan Officer or Mortgage Broker you are using to close your loan. If a Loan Officer does not look at your file right, leaves out something, doesn’t explain things correctly to you, or most recently misses the amount of money that needs to be brought to the table to close by $2000, it leaves all the hard work that My buyer and I have put in the past 2 to 6 months for not. The reason I have my preferred lenders is very simple. They do what they say they are going to do. This does not mean that there will not be hiccups and problems along the way, but over the past two years I have developed relationships with my Loan Officers that allow me to feel comfortable turning over my hard earned business to them. Not only that working with them on a Daily basis has made communication fluid and much easier for all parties involved. Having said that if you have a trusted lender or someone who comes highly recommended I am always happy to work with any new lender and look forward to meeting new professionals in my field. They can count on me to make sure that all the paperwork and things I provide them to do their job will be provided on time. Also another thing they and my customers can count on it my accessibility via phone, email and text messaging. Sometimes catching a phone call at 3pm on a Wednesday and taking care of a problem can be the difference between a Friday close and a Monday close. Information on Homes for Sale Forney Tx North Texas Real Estate
 
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5 Comments on Should a Home Buyer Take Their Realtors Suggestion on a Lender?

NOV
10

RJ, I have had to many deals backfire because the buyers wanted to use a friend in the business. The answer is Yes..

4:52pm • #1
451,674 Points Outside Blog

I am so careful these days..so I always give a couple of names,.,and tell my clients that it is their choice.

4:54pm • #2

Sometimes it makes a difference. If you have someone who you have experience with that is great. If not we have people we work with all the time.

4:56pm • #3

Sometimes it makes a difference. If you have someone who you have experience with that is great. If not we have people we work with all the time.

4:56pm • #4
Outside Blog

Realtors have so much riding on the transaction, buyers should at least meet with recommended lenders.  Family members who need the business, who are new to mortgage can be down right dangerous.  Qualified experienced personnel preferred always. 

Agents should be armed with some real life stories of buyers who didn't heed their advice and I try to talk to the lenders myself and ask to stay in the loop as things go along. 

5:25pm • #5

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RJ_Avery Avery

Dallas, TX

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Avery Properties

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