Have You Changed Your Practices for Lender Referrals?
By Randy L. Prothero, Missouri REALTOR, (808) 384-5645
(eXp Realty)
Since the lending industry is in the shake up period, I am curious to see what have been the experiences of other professionals in our industry. Many mortgage brokers and lenders have closed their doors or gotten absorbed by others. Many of the loan programs have or are drying up. I am sure many of you have felt the impact in different ways.During this period of change for the mortgage industry, have you changed your approach to how you give referrals to loan officers and lenders? Do you still use brokers or do you find yourself giving more of your referrals to primary lenders? Are you seeing more or less loans being done by internet and out of state lenders?What types of loans are your clients getting these days? Has there been much of a shift in the types of loans they are gettin...
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