Steve Penner, REALTOR / Owner of Moneyledgers (Royal LePage / Moneyledgers Software)

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Rainer
280,678
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

To help define your question there are many types. What matters is the person's heart, caring, knowledge, connections, and ability to never give up until closed.

 

Mortgage broker- can go to banks, can do non QM, can do niche

Mortgage banker- funds with own line and like above does every type of loan

Loan officer at a bank is limited to only the FICO, ins and outs that the bank can sell. Lowest paid in the industry wants the w-2 great credit deal

Loan person at a credit union has a bit more flexibility than the bank man/woman

 

Aug 24, 2020 01:05 PM
Rainmaker
5,973,420
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Use the mortgage loan officer that will best meet the needs of your client.

Aug 24, 2020 11:25 AM
Rainmaker
831,253
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I PREFER a broker.

However, Quicken Loans has been the easiest and least problematic of ALL  mortgage lenders the past 4 years.

Here in Florida, many buyers have fat 401Ks that make lending EASY. Less qualified buyers, especially those without w-2 incomes may find the local mortgage broker a bit more agile.

Aug 24, 2020 11:25 AM
Rainmaker
1,631,056
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Mortgage broker vs big box bank every time. They can usually do more & have more varied products. They most often have better experience levels too.

Aug 24, 2020 11:10 AM
Rainmaker
4,999,666
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Steve,

A rule of thumb is I call people's specialties by how they refer to themselves.  Keeps you out of trouble. A

Aug 24, 2020 11:10 AM
Rainmaker
759,248
Peter Mohylsky. Beach Expert
PrimeSouth Properties - Santa Rosa Beach, FL
THE BEACH IS OPEN

I am not really sure what your questions is.  sorry.  

Aug 24, 2020 10:58 AM
Rainmaker
2,901,809
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I am anti-Big-Bad-Banks! 

I am 100% mortgage broker but not just any mortgage broker. It must be an amazing broker that provides the highest level of service. They can also offer a variety of options where the banks only sell what they have to sell. 

Aug 25, 2020 08:44 AM
Rainmaker
897,228
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Mortgage broker is most preferred. 

Aug 25, 2020 06:48 AM
Rainmaker
428,323
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Most of my lenders are mortgage bankers.

Aug 24, 2020 04:17 PM
Ambassador
2,972,981
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

bank loan officers vs. mortgage brokers.... currently bank loan officers.  But it depends.  I have followed one guy from wells fargo, to a broker and now back to a bank.

Aug 24, 2020 12:43 PM
Rainmaker
801,074
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I am not sure what your question is but I am going to venture an answer anyway.

If I am making the referral to a lender, it is to a mortgage broker with whom I have a good relationship.

If the buyer is already approved, it is more often through a major bank lender.

Aug 24, 2020 11:50 AM
Rainmaker
2,569,593
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Brokers are needed when they are needed and the good ones perform well

Aug 25, 2020 02:16 PM
Rainmaker
1,076,375
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

We require Jason E. Gordon on all escrows here in San Diego, beyond that, I have no idea what your question is???

Aug 24, 2020 08:22 PM
Rainmaker
596,396
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

We have all kinds and they all bring something to the table.

Aug 24, 2020 06:52 PM
Rainmaker
456,690
JoAnn Moore
The Mortgage Market of Delaware - Georgetown, DE
Home Loans in Delaware

We're a mortgage broker shop. We pride ourselves with having flexibility and lots of options to get the borrower to the closing table.  

Aug 26, 2020 08:40 AM