3 Things to Look for in a Lender Partner

Subject Line:  3 Things To Look for in a Lender Partner

All top producing Realtors have a top-notch team surrounding them.  A good contractor, home inspector, and transaction coordinator are invaluable.  Few team members, however, are as important to keeping a transaction together as a good lender.   Here are 3 things to look for.

1.       Look for Expertise:  Look for a direct lender with direct lending capability and a loan officer with extensive experience.   The mortgage process has become very complex.  Knowing how to apply that knowledge to a large suite of products like FHA, VA, conventional, first time homebuyer programs, and move up products is critical to keeping your business running efficiently and keeping your buyers happy.   

2.       Look for In-House Capabilities:  A good in-house underwriting team can review loans within 24-48 hours.  Dedicated in-house loan processing is so important to keep the loan process flowing smoothly with a priority on YOUR loans.  That means you can reasonably expect a loan commitment in seven days or less.

3.       Look for an Array of Products: There are many federal, state, and local programs available that can put homeownership within reach. Make sure your buyers have access to all of them.  Make sure that your lender has the knowledge and confidence to use them. 

On the Easterbrook Team, we are constantly striving to “Make the Process Easy” for our borrowers and Realtor partners keeping up on all the newest loan products and working to process them with quickly and efficiently.  If you are looking for a lender, a second opinion, or just want some loan advice about a new listing you have, call the Easterbrook Team at (916) 850-6050.