5,104,931
I prefer to wotk with local lenders, whose underwriting and processing is also local. But that being said, one of my best lenders is Wells Fargo private banking and their stuff is not done locally even though the LO is local. I look for lenders who do a basic underwriting in their pre-approval process, who are responsive, and who don't miss critical dates. Thinking outside the box is also always appreciated.
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Gene Mundt, IL/WI Mort...
New Lenox, IL
-
Joyce Marsh
Daytona Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Peter Testa
Danbury, CT
-
J.R. Schloemer
Louisville, KY
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Lynnea Miller
Bend, OR
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Richard Weeks
Dallas, TX
-
Fred Griffin Florida R...
Tallahassee, FL
-
John Juarez
Fremont, CA
1,598,452
1.Answer my call.
2. Be honest - Yes or No.
If you are in mortgage industry and work in our area - you can give an answer within few days.
-
Peter Testa
Danbury, CT
-
J.R. Schloemer
Louisville, KY
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Lynnea Miller
Bend, OR
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Richard Weeks
Dallas, TX
-
JoAnn Moore
Georgetown, DE
-
Fred Griffin Florida R...
Tallahassee, FL
-
John Juarez
Fremont, CA
-
Valeria Mola
Sunny Isles Beach, FL
4,572,183
I prefer local but knowledge and strong communication skills are important. I have reached out to some lenders in this forum.
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Joyce Marsh
Daytona Beach, FL
-
Lyn Sims
Schaumburg, IL
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Lynnea Miller
Bend, OR
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Richard Weeks
Dallas, TX
-
JoAnn Moore
Georgetown, DE
-
Fred Griffin Florida R...
Tallahassee, FL
-
John Juarez
Fremont, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
564,494
Responsiveness - Excellence in Communication - Honesty - Utmost professionalism - Knowledge that can be clearly explained in easy to understand language - Straight-forwardness - Attentiveness to the file - and a splash of overall 'upbeatness' !!
-
Joyce Marsh
Daytona Beach, FL
-
Lyn Sims
Schaumburg, IL
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Lynnea Miller
Bend, OR
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
JoAnn Moore
Georgetown, DE
-
Fred Griffin Florida R...
Tallahassee, FL
-
John Juarez
Fremont, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
1,052,211
Residential. One local guy Just. Does. Not. Screw. Up. Ever! He's in mid-40s and has 20+ years in. If his PQ accompanies an offer that crosses the brokers' desks, they go to the top of the pile.
He carefully vets the borrower. Including putting them through UW. He can spot red flags from the get. I call at 7 a.m. he's at his desk and answers his phone. I can text him weekends. His assistant has been with him for so long she's his second wife. Knows everything he does.
A couple of regionals, also amazing. Arizona has peculiar tribal customs, and Mohave County is different then many other areas of the state. We strongly suggest that borrowers 'shop local'.
Commercial, we have 2 local/regional small banks with extreme flexibility in their products--incl SBA. They fund all the development in this town.
One local CRE bank does all in-house funding, no conventional appraisal process but performs an internal review of the property. That's super attractive to a borrower not having to cut a check for $2000-10,000 for commercial appraisal, and if we know the property has the value, it's one less headache for us.
-
Gene Mundt, IL/WI Mort...
New Lenox, IL
-
Lyn Sims
Schaumburg, IL
-
J.R. Schloemer
Louisville, KY
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Lynnea Miller
Bend, OR
-
Michael Jacobs
Pasadena, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Fred Griffin Florida R...
Tallahassee, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Candice A. Donofrio
Fort Mohave, AZ
711,852
Most of our business goes to local lenders who are trusted by other agents. In a hot market, with similar offers on the same property, it is often the lender choice which can make your offer stand out.
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Gene Mundt, IL/WI Mort...
New Lenox, IL
-
Valeria Mola
Sunny Isles Beach, FL
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Fred Griffin Florida R...
Tallahassee, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Candice A. Donofrio
Fort Mohave, AZ
417,221
From the other side- A lender must be deeply knowledgeable in how taxes are read, what products they have that fit, and able to close two days ahead of schedule. This takes a person who runs numbers in their head, has a soulful caring about finding the perfect fit and communicates fast often and true. Not the same personality as a Realtor we often are not the best salesmen. One other vital piece is the person has to know the capabilities of their own platform, i.e: exact turn times. The mortgage industry is morphing right as we speak- because the profitability of doing loans has gone down ( it costs $8000 about to do all the hundreds of checks and balances we run for one loan and we charge about $1400 for this). Wells laid off 9000 people, Chase gave notices to 800, small companies like Movement 100 - in the last 20 days. Small mortgage companies are consolidating or closing. A few have lost the cash lines that allow them to fund a loan then sell it in the coming weeks (instant death to the company).
While Richard Branson brags about the tiny company he bought and added an APP (I have heard for 29 years that software and APPS can replace all the monkeys in mortgage) that can approve your loan in two hours. We have the software to pull bank statements now direct from the big box banks - but- the pickle is knowing which one NOT to use. AI will replace me if I go back to the software side where I began in this industry in 1987.
Be a partner, not just a list of someone's three lenders
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Gene Mundt, IL/WI Mort...
New Lenox, IL
-
Joyce Marsh
Daytona Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Fred Griffin Florida R...
Tallahassee, FL
1,502,998
Communication, ability to perform. I have gotten advice from one of our regulars here before.
Location is not a concern, just their ability to discuss items with the clients.
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Valeria Mola
Sunny Isles Beach, FL
-
Lyn Sims
Schaumburg, IL
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Fred Griffin Florida R...
Tallahassee, FL
-
JoAnn Moore
Georgetown, DE
1,311,397
We recommend experienced lenders with whom we have had great experience with in the past.
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Valeria Mola
Sunny Isles Beach, FL
-
Peter Testa
Danbury, CT
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
JoAnn Moore
Georgetown, DE
-
Fred Griffin Florida R...
Tallahassee, FL
-
Nina Hollander, Broker
Charlotte, NC
3,854,909
There are two wonderful lenders on AR one local and one not.
Could not ask for better service from either one.
John Meussner
Bridget "Mortgage Mama" McGee
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Gene Mundt, IL/WI Mort...
New Lenox, IL
-
Valeria Mola
Sunny Isles Beach, FL
-
Peter Testa
Danbury, CT
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
John Meussner
Fair Oaks, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Fred Griffin Florida R...
Tallahassee, FL
3,345,091
I prefer local these days. It used to not matter to me. Now it does for reasons that shall not be made public. I work with the Tom Parke Team with Mason McDuffie Mortgage. They are flipping AMAZING. Clients are raving about how great they are.
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Valeria Mola
Sunny Isles Beach, FL
-
Peter Testa
Danbury, CT
-
Lyn Sims
Schaumburg, IL
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Fred Griffin Florida R...
Tallahassee, FL
2,071,025
We don't have that many buyers with financing in our area. Hard to believe?
Mortgage broker should
Communicate (e-mail, phone call, text message) with
a) Buyer
b) Agent
c) Condominium Association from day one
And be able to pre-approve or not approve customer I'd say in a short time.
Most of the local mortgage brokers KNOW market and able advise prospective buyers in advance.
When customer want to get a condo with financing first step is always contact a mortgage broker and only with "clearance" we can start our journey.
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Valeria Mola
Sunny Isles Beach, FL
-
Peter Testa
Danbury, CT
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
6,393,609
Local is good, especially those that get the job done.
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Bob Crane
Stevens Point, WI
-
Valeria Mola
Sunny Isles Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
7,836,164
I prefer highly regarded local mortgage loan officers.
-
Bob Crane
Stevens Point, WI
-
Valeria Mola
Sunny Isles Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
4,882,355
This is what I look for:
Will put the buyer in the best loan possible
Will return phone calls and emails
Their underwriting is done locally
The lenders I recommend are not member of AR
Attends closing and table funds
Cognizant of what a closing date is
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Valeria Mola
Sunny Isles Beach, FL
-
Candice A. Donofrio
Fort Mohave, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
5,230,113
I do prefer local and those who have in-house processors & underwriters as well. My 3 locals all offer that including my Wells Fargo & BOA wealth management lenders (private banking).
I do, however, have 2 other out-of-town lenders who both are fabulous and offer different packages so, I refer to them as well.
Both of those out-of-town lenders are AR members also.
As for qualities - they NEVER miss a date, are ALWAYS responsive to my clients (and me) and NEVER create drama! If something unforeseen comes up, it's handled...and professionally so! Of course, competitive rates are important as well.
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Valeria Mola
Sunny Isles Beach, FL
-
Peter Testa
Danbury, CT
-
John Meussner
Fair Oaks, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Bob "RealMan" Timm
Minot, ND
900,128
In my experience, local is best, but often it's only for plain vanilla.
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Valeria Mola
Sunny Isles Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Fred Griffin Florida R...
Tallahassee, FL
17,008
I have 2 lender's I work with exclusively and here's why. They are experienced, honest, offer a wide variety of loan programs and only issue a preapproval letter once the client has submitted all documentation and been desk top underwritten. These guys submit clean files to underwriting, so no surprises halfway through escrow, they are direct lenders which means they can fund same day/ next day after signing and we close on time. This partnership serves my clients well and enhances my reputation as an agent that writes solid offer's for qualified buyers . They answer their phones on weekend's and keep me informed throughout the entire process. When our past clients are ready to sell/buy again, they want to work with us , because we took very good care of them.
-
Gene Mundt, IL/WI Mort...
New Lenox, IL
-
Joyce Marsh
Daytona Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Peter Testa
Danbury, CT
-
Fred Griffin Florida R...
Tallahassee, FL
2,220,654
I prefer a local lender that answers his/her phone even on the weekends.
-
Valeria Mola
Sunny Isles Beach, FL
-
Peter Testa
Danbury, CT
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Fred Griffin Florida R...
Tallahassee, FL
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,543,823
Local, relational, reciprocal and awesome for my clients.
In other words Jason E. Gordon
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Steffy Hristova
Tempe, AZ
-
Fred Griffin Florida R...
Tallahassee, FL
-
Thomas J. Nelson, REAL...
La Jolla, CA
660,906
I like to work with a local lender who takes the time to explain the loan process to the Buyers, to outline their options and to pre-qualify the Buyers based on received documents from them.
I also like when the Lender pro-actively tells what will be needed thoughout the transaction - e.g. on VA loans we always need a termite inspection report, even when there is no evidence of termites. In AZ, we have a step by step Loan Status Update - receiving those updates without asking for them is so much nicer, and saves time for everybody.
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Valeria Mola
Sunny Isles Beach, FL
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Fred Griffin Florida R...
Tallahassee, FL
5,772,575
I prefer locals. And if needed I would recommend a local. A
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Fred Griffin Florida R...
Tallahassee, FL
2,390,620
I do prefer local Fred Griffin BUT I've had good and bad experiences with both local and e-lenders.
-
Peter Testa
Danbury, CT
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Debe Maxwell, CRS
Charlotte, NC
1,239,901
local who you have access to it quickly.
Out of town No
Internet-will not accept it.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Fred Griffin Florida R...
Tallahassee, FL
4,800,082
I prefer local. Good communications is a must.
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Steffy Hristova
Tempe, AZ
-
Fred Griffin Florida R...
Tallahassee, FL
3,071,489
We've worked with Mike Jones!
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Steffy Hristova
Tempe, AZ
-
Fred Griffin Florida R...
Tallahassee, FL
758,035
There are a couple of local banks in town that I refer people to. They are conservative & have a great rep.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
5,216,409
Great communicator who puts service first and commission second. Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi and Joe Petrowski come to mind. I have personally met both. There are also others who post here in the Rain ready willing and able!
-
Gene Mundt, IL/WI Mort...
New Lenox, IL
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
1,844,301
I look for LO's that know how to ask quesitons & extract info from them because they are scared to death. Conversational inquiry let's call it.
Knowledge of product also.
Local only, if you are an internet LO you are dead in the water with me.
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
-
Peter Testa
Danbury, CT
3,988,007
I want good communication and to know the lender is doing the job so Ican go about doing mine. I haven't had any deals yet with AR lenders.
-
Bob Betel
Sweetwater, TN
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
5,583,278
the team members have one or two regulars and they're local....no online mortgages...
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Fred Griffin Florida R...
Tallahassee, FL
-
Anthony Acosta - ALLAT...
Atlanta, GA
2,781,173
One who is reachable and makes hay while the sun shines
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Fred Griffin Florida R...
Tallahassee, FL
1,574,666
Local, honest, hard working, available, communication intensive... no BS.
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Fred Griffin Florida R...
Tallahassee, FL
1,712,676
I work a lot with a Wells Fargo person in Los Angeles, a couple of local lenders, and a credit union out of Virginia.
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Fred Griffin Florida R...
Tallahassee, FL
3,416,038
I only want local. I want them to answer their phone when i call, answer my buyers calls , return messages, pre qual quickly and be honest with me if they can or can not buy.
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
2,436,099
I prefer local, and do have a few who I usually refer. They need to know their stuff, be responsive and personable.
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
4,434,127
Local
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
519,324
I was my lender until 2012. When I decided not to renew that license and focus on RE, I needed to find someone who thought like I did. They needed to be personable, proactive, creative and persistent. I found a great lender who closed a transaction on one of my listings. He gets first dibs on all my buyers ever since.
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
3,164,294
communication, available, honest and local. I think it's great when they come to closings as well.
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
427,257
One that I can trust my clients to. If I am recommending/referring someone, it is a reflection upon me too. I want someone that will do what they say, lay out the whole deal so my clients know what is going on & what to expect, and not change things unexpectedly in the middle of the process.
-
Bob Betel
Sweetwater, TN
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
450,126
I have a few local favorites. They are hard-working loan officers with different specialties and they answer questions and take my calls.
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
378,517
honesty and willing to communicate and be available to buyers beyond 9 to 5
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Fred Griffin Florida R...
Tallahassee, FL
3,383,334
Local is the way to go. I want to be able to look you in the eye. I also want you to have a local address. I don't believe real estate agents that try to service too big an area can be effective and I feel the same about lenders.
-
Valeria Mola
Sunny Isles Beach, FL
-
Fred Griffin Florida R...
Tallahassee, FL
5,868,554
I have three that I have worked with for years. Look for great communication, updates from them, not having to call, and closing on time.
-
Fred Griffin Florida R...
Tallahassee, FL
1,291,481
I like reading the answers to these types of questions, Fred Griffin ... as I think they're educational for LOs and helpful. So thank you for the opportunity and insights.
My gut reaction to most comments is that agents want and need from LOs much the same thing that LOs need from them. Respect. Good communication. Professionalism. Timely actions and reactions ... and the knowledge that a supreme effort is being made on their and their clients behalf. All seem like reasonable requests and needs, yet so few successfully deliver in a consistent manner.
ActiveRain provides us an opportunity to meet and form relationships with those professionals that conduct their business at the highest levels ... work with them ... and refer them as well. It's good to see that others here have much the same outlook ...
Gene
-
Fred Griffin Florida R...
Tallahassee, FL
4,319,419
Fred Griffin local lender with prompt responses and transparency in frequent communication.
-
Fred Griffin Florida R...
Tallahassee, FL
3,986,258