Members: 113,853 - 1,497 Online Now  Login
 

After almost 13 years in the Colorado Springs real estate market, I can safely say that a lender can be the life blood of a successful real estate transaction. Good lender, good transaction. Bad lender...you know. Anyway, I've been thinking, as I urged my favorite local lender to join Active Rain...what makes a great lender, from a real estate agent's perspective. What makes MY favorite lender the one I like to work with and feel confident referring my clients to? Here's what I have come up with. Of course, there's a lot more to it, but these basics come immediately to mind:

  MY favorite lender, (though I work with many), has a tool that enables clients to "google earth" prospective properties before they take the time to drive by.

-The Lender's availability for pre-qualification and to answer client's questions as they arise. A great lender is accessible throughout the transaction. A poor lender is hard to reach and vague in answering questions.

-Local underwriting. Can't say enough about this. If there's an issue, we want to know right away, right guys?

-The Lender's advocacy of your service as a professional. A good team is what you should be.

-Versatility of programs offered and resources to buyer tools.

-Great follow up for those not quite ready to purchase.

-"Double teaming" on the follow up for those that are in the middle of the buying process right now.

-Continued follow up after the transaction has closed.

-Personal touches...remembering you for special events, EVEN when things are slow.

What are your favorite lender qualities?

 

3 Comments on What Makes YOUR Favorite Lender Your Favorite Lender?

I agree with all of your remarks, esp. personnal touches and great follow up.  My in house lender had me join ActiveRain, and I am so glad he did!! Gerry Stephens with Wells Fargo is an exceptional lender, follows through and contacts me ASAP.

11/07/2007 03:03 PM by Tracy Snow (Dan Ryan Builders)


Lania,

From a 'title' perspective my favorite lenders are those who can be reached without voicemail, and those who do not wait until the last minute to approve and process a loan application...Oh, and one more thing...those who wire funds the day before closing!!! Thanks,   Fran

11/07/2007 03:10 PM by Fran 'The Title Man' Gaspari Title Insurance-PA & NJ (Patriot Land Transfer, Inc.)


All of those things -- but especially knowing the products, being buyer friendly, being realtor friendly, being proactive and a part of the entire transaction, following through the entire process and making sure things are running smoothly; being pro-active and anticipating anything ahead of time; co-marketing - eg, seminars; honesty, integrity etc. 

11/07/2007 03:15 PM by Joan Whitebook, ABR, e-Pro, CEBA (Buyer's Option Realty Services)


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Lania DeMers, Broker Rocky Mountain Realty Co. (Rocky Mountain Realty Co.)
Lania DeMers, Broker Rocky Mountain Realty Co.
Colorado Springs, CO
More about me…
Rocky Mountain Realty Co.

Office Phone: (719) 638-5858
Cell Phone: (719) 232-5941
Email Me


Links

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find CO real estate agents and Colorado Springs real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved