Hybrid Agents - a growing trend or just another in-house mortgage company?

By
Services for Real Estate Pros with none

 

Would you consider becoming a mortgage broker to help your home buyers have a simpler process?  This is happening in AZ and CA and may become a growing trend....

 

http://www.azcentral.com/business/articles/0120biz-gl-loan0120.html

Some Valley real estate agents are on the cusp of a new trend to simplify the process of buying a home, selling one, securing loans and setting up mortgages.

They are becoming "hybrid agents," people who double as agents and loan officers.

Jim Decker, an associate broker and agent at West USA Realty in Peoria, decided to venture into lending as a way to become more versatile and better inform his clients.

"I was tired of some of my clients getting bad deals from mortgage companies," Decker said. "It's a huge step in buying a home, and if I can give them the answers they need, the whole transaction goes smoother."

Comments (1)

Suzanne Marriott
Keller Williams Arizona Realty - Anthem, AZ
Associate Broker, CLHMS, e-PRO
We had the opportunity and declined.  I don't think it's a very good idea for the client.  In AZ you don't have to have a license to lend - so not sure of the expertise levels for those that do this.
Jan 22, 2007 06:46 AM