5,257,583
Sending them a list of highly qualified lenders from which they can choose and explore lending options with THEM (not us)!
-
Bob "RealMan" Timm
Minot, ND
-
John Pusa
Glendale, CA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Lynnea Miller
Bend, OR
-
Ron and Alexandra Seigel
Carpinteria, CA
5,062,870
Providing them with several suggestions of trusted lenders to talk with to help them make that decision.
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Lynnea Miller
Bend, OR
-
Nina Hollander, Broker
Charlotte, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Kasey & John Boles
Boise, ID
2,684,769
That is the lender's job.
-
Tina Willoughby
Saint Cloud, FL
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Lynnea Miller
Bend, OR
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
1,458,019
Unless you are also a licensed mortgage broker, it is outside your area of expertise!
-
Tina Willoughby
Saint Cloud, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Nina Hollander, Broker
Charlotte, NC
6,423,260
Help them find a competent lender.
-
Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
2,785,296
No role....just input, feedback and guidance. I outsource this subject
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Nina Hollander, Broker
Charlotte, NC
-
Kasey & John Boles
Boise, ID
2,221,950
None, I get the buyer in touch with the lender and they figure out what needs to be done. Not my area of expertise.
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,115,873
Not my job... my role is to introduce them to the right lenders, period end of story.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Bob Betel
Sweetwater, TN
-
Bob "RealMan" Timm
Minot, ND
2,402,139
I don't think that is our role but I do give them the names of several lenders I trust. I also recommend they check with the USDA if it's appropriate.
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Nina Hollander, Broker
Charlotte, NC
5,244,229
None except to make suggestions for proven producers and hope!
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Nina Hollander, Broker
Charlotte, NC
5,772,693
Corey,
Exactly what Jeff Dowler said.
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Nina Hollander, Broker
Charlotte, NC
3,416,038
I like to explain what each is, pros, cons and working with a local and trusted loan officer, what the costs of each are.
-
Joseph Spears
Phoenix, AZ
-
Debe Maxwell, CRS
Charlotte, NC
225,526
The agent's role should be to have basic knowledge of different programs, however the lender is the one who helps the borrower choose the right product to fit their needs and wants.
-
Joseph Spears
Phoenix, AZ
-
Debe Maxwell, CRS
Charlotte, NC
5,583,328
that's NOT the real estate agent's role.... it's the role of the mortgage broker...
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
7,869,880
Learn how to pre-qualify a prospect and then refer them to an outstanding mortgage loan officer.
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
2,072,993
Pointing them toward trusted loan officers who have proven track records of "getting the job done".
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Nina Hollander, Broker
Charlotte, NC
151,633
The agent's role is to connect them with reputable, local lenders and then let the lenders do their job of matching them up with the right loan.
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
809,258
I leave this to the loan officer. I can give recommendations for lenders/loan officers that have a track record of doing their job well and then I help find a home that conforms to the loan they choose. -Kasey
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
1,157,791
None in my jurisdiction.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Kasey & John Boles
Boise, ID
4,272,934
3,986,308
2,670
A Realtor plays an important role in the referral or recommendation of a lender, afterall you are "loaning out your reputation" to those you refer and recommend therefore a strong lender can be the best no cost but high value promoter of your business. Before I start to explain, remember in these steps that no money or marketing splits exist; just good old fashion teamwork.
Primarily, as a Realtor you should recommend a lender that serves to benefit and educate the client before, during and after the home purchase.
Second, the Realtor should be very familiar with the lenders role in the process to help uphold and deliver the finished product to the client and work together as a team, even if it's only reviewing the process of lending.
Finally, they should understand that not all loan programs are alike, nor are clients situations. The Realtor should be invited to take part in the clients lending/loan process and not be afraid to request permission from the client to conference in the lender and learn about how their specific financing will work until trust is established-it can take as little as 5 minutes.
-
Debe Maxwell, CRS
Charlotte, NC
3,988,013
Direct the buyer to a good lender, one you trust and then let the lender do his job.
-
Debe Maxwell, CRS
Charlotte, NC
1,554,377
Referring a great lender like Jason E. Gordon and discussing what the limitations are of each loan in the market.
-
Debe Maxwell, CRS
Charlotte, NC
3,590,291
Corey I do not chose the 'right' loan for the buyers. Our lenders work with our buyers and help them figure out what works best for their situation.
-
Debe Maxwell, CRS
Charlotte, NC
1,712,876
Combining service, expertise, and rates.
-
Debe Maxwell, CRS
Charlotte, NC
2,195,063
Asking questions to learn about their available funds is a good start
-
Debe Maxwell, CRS
Charlotte, NC
4,180,864
Corey Christiansen I offer several chooses, no recommendation.
-
Debe Maxwell, CRS
Charlotte, NC
716,874
Referring them to lenders who can help them. And letting them know of any issues in a tight real estate market using one type of loan over another.
-
Debe Maxwell, CRS
Charlotte, NC
1,466,257
Corey Christiansen Other than some guidance in choosing a lender none. I let the loan officer's do their job.
-
Nina Hollander, Broker
Charlotte, NC
1,045,440
I am really late to this question and see it has already been answered at least as well as I could.
4,583,784
If a buyer/borrower does not have a lender, I have qualified professional mortgage partners available to recommend and that would be extent of my involvement.
55,673
Sorry,but in my 47 years as a Mortgage Banker, I never told a buyer not to buy your listing,nor should you become a mortgage professional. Do you know the meanings and answers to DTI,LTV.FICO,ARM,INDEX,MARGIN,FHA,VA,USDA,NON-Conforming Condo or Co-Op,REVERSE,REVERSE FOR PURCHASE,Contiguous Lot,Clouds on Title,I could go on and on. As a Mortgage PROFESSIONAL with many years years in the Industry, I will tell you to "Stay out of my sandbox,and I will stay out of yours." I don't think you will appreciate it if I helped your buyer choose a home? My wife who sells approx 50 homes a year states to her buyer's agents, sell the house,don't get involved with the mortgage.
4,966,041
1,625,153
1,617,916
3,071,489
1,506,773
902,348
921,504
Making certain the buyer understands the 'assurance of closing' is of great importance to the seller. "Feel Lucky Today' home loans may not communicate that message and may have a history of failing just before closing.
"Why did they reject my offer?" the buyer asks.
"Let me count the ways."
4,800,132
1,728,656
4,319,773
Corey Christiansen - we can refer the buyers to the lender - that's all!