An agent will recommend lenders due to their reputation for timely performance and for excellent communication with buyers throughout the loan process, especially when unexpected problems may occur. Realtor® Paula Pitts of Pensacola, Florida blogged on this issue. “We recommend lenders because they have proven capability to process loans in a timely manner and work through unwelcome surprises early in the process. We recommend certain reputable lenders because we have experienced their quality delivery of services in the past and expect they will deliver quality service to our clients again and again.” Real Estate Agent Marcia Kramarz, CDPE, LMC, CBR, Medway, MA, Re/Max Executive Realty, RE/MAX International Inc., responded to the post with her own lender “horror story.” “You can say that again! I just finished a close that had seven time extensions! It’s true that the first 3 were due to inspection issues — but the last four were due to delays associated with the financial commitment. It was not a lender that I knew and it’s not a lender I would want to work with in the future, and it’s because we were down to the wire each time we needed to ask for more time. So much better when I am working with MY trusted professionals.” That’s what you want: You want to be able to turn to a trusted professional when you’re shopping for a mortgage. I’m going to give you some tips in the upcoming chapters on how to know which lenders are good and which are bad.
36
Powered by FlippingBook