[CITY] Mortgage News

Real Estate Agents: Why Should You Establish a Relationship with a Direct Local Lender?
February 13th, 2017 11:51 AM

As a real estate agent, you may get a cash buyer from time to time, but in most instances buyers are taking out loans. This makes having a good relationship with a direct local lender like First World Mortgage important, because you need them in order to sell houses. And likewise, direct local lenders need homebuyers to stay in business. So how can a long term relationship with a direct local lender benefit you as a real estate agent? Here are three significant reasons:

  1. Expertise

    An experienced direct local lender has a level of expertise that will greatly benefit you and your clients. They will be able to recommend what type of loan would be best for your clients at the beginning of the process. In addition, they will make sure the loan gets closed and the transaction finalized, which is very important to an agent.

  2. Referrals

    If you are looking for a good source of referrals, direct local lenders are fantastic referral partners. It’s important to have a strong relationship with a lender who you know will take care of your clients, and make the loan process as smooth as possible. It also helps reassure your clients, knowing that their agent and direct local lender are working together in their best interest. As a team, you can help build each other’s businesses and pass referrals on a regular basis.

  3. Communication

    Real estate agents are often directly in the line of fire when things take too long, or go badly, during the loan process. Having a good relationship with a direct local lender can provide great relief to you, since you are able to check in with them on a regular basis and have up to date information on a loan’s status. This, in turn, will make your clients feel better and more in tune with the process.

Working with a trusted direct local lender such as First World Mortgage, you’ll find that you are better able to serve your clients and give them a smooth, enjoyable experience. In fact, we are the #1 first time buyer lender in CT! Call us at (860) 479-9174 today.


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Posted by Mike House on February 13th, 2017 11:51 AMPost a Comment

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