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Ambassador
4,203,009
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Sending them a list of highly qualified lenders from which they can choose and explore lending options with THEM (not us)!

Apr 15, 2017 10:57 AM
Ambassador
4,558,854
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Providing them with several suggestions of trusted lenders to talk with to help them make that decision.

Apr 15, 2017 10:12 AM
Ambassador
2,564,331
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

That is the lender's job.

Apr 15, 2017 10:55 AM
Ambassador
1,371,134
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Unless you are also a licensed mortgage broker, it is outside your area of expertise!

Apr 15, 2017 11:45 AM
Ambassador
5,360,814
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Help them find a competent lender.

Apr 15, 2017 10:53 AM
Rainmaker
2,634,647
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

No role....just input, feedback and guidance. I outsource this subject

Apr 15, 2017 10:44 AM
Rainmaker
1,873,105
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

None, I get the buyer in touch with the lender and they figure out what needs to be done.  Not my area of expertise. 

Apr 15, 2017 02:57 PM
Rainmaker
4,059,148
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not my job... my role is to introduce them to the right lenders, period end of story.

Apr 15, 2017 01:01 PM
Rainmaker
1,874,550
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

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.

Apr 15, 2017 12:56 PM
Rainmaker
4,161,791
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

None except to make suggestions for proven producers and hope!

Apr 15, 2017 12:40 PM
Rainmaker
5,530,443
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Corey,

Exactly what Jeff Dowler said.

Apr 15, 2017 11:15 AM
Rainmaker
3,322,403
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I like to explain what each is, pros, cons and working with a local and trusted loan officer, what the costs of each are. 

Apr 15, 2017 04:56 PM
Rainer
222,865
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

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.

Apr 15, 2017 02:30 PM
Rainmaker
5,571,343
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

that's NOT the real estate agent's role.... it's the role of the mortgage broker...

Apr 15, 2017 02:07 PM
Rainmaker
6,547,311
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Learn how to pre-qualify a prospect and then refer them to an outstanding mortgage loan officer.

Apr 15, 2017 01:11 PM
Ambassador
1,814,113
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

Pointing them toward trusted loan officers who have proven track records of "getting the job done".

Apr 15, 2017 12:46 PM
Rainmaker
144,616
Julie Larson Realtor® Sarasota FL 941-882-0322
PalmerHouse Properties Florida - 941-882-0322 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL
When you're thinking of moving...ThinkSuncoast.com

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.

Apr 15, 2017 12:19 PM
Rainmaker
808,847
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

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

Apr 15, 2017 10:46 AM
Rainmaker
1,157,485
FN LN
Toronto, ON

None in my jurisdiction.

Apr 15, 2017 10:24 AM
Ambassador
3,727,478
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I send them to specialists...

Apr 15, 2017 09:34 PM
Rainmaker
3,985,837
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Not much

Apr 15, 2017 07:35 PM
Rainer
2,620
Joseph Spears
Churchill Mortgage Corp - Phoenix, AZ
Responsible Lending is only one call away!

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.

Apr 15, 2017 07:32 PM
Ambassador
3,986,660
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Direct the buyer to a good lender, one you trust and then let the lender do his job.

Apr 15, 2017 07:28 PM
Rainmaker
1,214,634
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Referring a great lender like Jason E. Gordon and discussing what the limitations are of each loan in the market.

Apr 15, 2017 06:40 PM
Ambassador
3,259,516
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

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.

Apr 15, 2017 05:16 PM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Combining service, expertise, and rates.

Apr 15, 2017 05:04 PM
Rainmaker
2,020,250
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Asking questions to learn about their available funds is a good start

Apr 15, 2017 02:07 PM
Rainmaker
3,430,808
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Corey Christiansen I offer several chooses, no recommendation.

Apr 15, 2017 02:03 PM
Rainmaker
550,696
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

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.

Apr 15, 2017 01:30 PM
Rainmaker
1,457,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Corey Christiansen Other than some guidance in choosing a lender none. I let the loan officer's do their job.

Apr 15, 2017 11:20 AM
Rainmaker
1,044,339
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

I am really late to this question and see it has already been answered at least  as well as I could.

Mar 26, 2018 04:48 PM
Rainmaker
4,062,598
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

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.  

Apr 19, 2017 07:31 AM
Rainer
55,053
Joe D'Agostino
NMLS# 729950 - Manahawkin, NJ
Mortgage Officer 46 years!

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. 

 

Apr 18, 2017 08:41 PM
Rainmaker
3,972,772
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I let that up to the buyer and lender.  Not my field.

 

Apr 17, 2017 05:17 PM
Rainmaker
1,514,605
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

My main role is to recommend a good mortgage rep. 

Apr 16, 2017 04:18 PM
Ambassador
1,616,354
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

none. that is for the mortgage professional

Apr 16, 2017 03:57 PM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Providing them with a list of highly qualified Loan Officers!

Apr 16, 2017 10:05 AM
Rainmaker
1,380,943
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Providing a lender referral if the buyer doesn't have one.

Apr 16, 2017 09:38 AM
Rainmaker
818,807
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

If asked, recommend good local lenders for that sort of discussion.

Apr 16, 2017 07:25 AM
Rainmaker
882,857
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

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."

Apr 16, 2017 06:21 AM
Rainmaker
4,799,481
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

None.

Apr 16, 2017 06:07 AM
Rainmaker
1,635,842
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

As Jeff Dowler wrote

Apr 16, 2017 05:40 AM
Ambassador
4,312,753
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Corey Christiansen - we can refer the buyers to the lender - that's all!

Apr 15, 2017 11:38 PM