Preferred Realtor Program - Exceptional service and lower loan costs
Most Realtors recommend their Brokerage In-house Lender to their clients. But what are they doing to help grow your business? Is your In-house lender giving you and your clients the VIP service that you/they deserve? What if I can assure you by working together we can market smarter and efficiently, can help you find new business leads with joint promotions and marketing*, can provide DU/AUS Pre-Approvals, 7 days a week availability to provide better loan guidance to your clients, open house event flyers and brochures to your listings, have niche loan programs, fast closings, competitive rates, and most importantly be able to provide lower loan related costs to your borrowers?
* per guidelines joint advertisement costs must be split equally for equal advertisement coverage
Realtor Partners - Get High Closing Ratio as we have 100+ Lenders with variety of loan programs
As California’s largest wholesale mortgage lender, we can broker with the wholesale division of major banks, as well as smaller banks and investors that are in our network who offer unique loan programs and are competitively priced. We have access to virtually every loan program available in today’s mortgage market. We use lenders that have very few overlays and have closed deals that other lenders have declined. Since each loan and client requirements are different, we search over 100 different banks and investors to find a suitable choice. Thus, borrowers can save their time calling around different banks to compare rates. And for our realtor partners it gives a high closing ratio as we have variety of loan programs, competitive rates, great service and fast closings.
I self process* most loans, does that matter?
Yes. Loan processors have turn times - 72 hours for new submissions, 48 hours for conditions review, etc. When your interest rate is locked every day is important as rate extension is expensive (extensions may cost 0.25 – 0.50 percent of loan amount). Loan processors often work for many loan originators, handling hundreds of files, and there is a high possibility of missing deadlines, if they don't have a proper file review system. Also in many cases, borrower is charged 3rd party processing fees (other than lender underwriting fees). As I self process most loans, for my clients, I am the single point of contact throughout the loan process – from application through processing and loan funding. It will save time, cost and by utilizing latest technologies, I make the process easy and help close faster.
* based on Lender Approval as some lenders mandates using a Processor
A Mortgage Broker VS a Loan Officer at a Major Bank
Watch Video - Broker vs a Bank
A mortgage broker needs to complete pre licensing education, pass state and federal examinations, complete background check, is fingerprinted - surety bonded - credit checked, have pre-employment education, yearly license renewals and continuing education. But do you know that loan officers at major Banks, most credit unions, or mortgage companies owned by a bank are NOT REQUIRED be licensed, complete pre-licensing education, pass any federal or state tests, have yearly license renewals or have to complete continuing education to work as a Loan Officer? A Mortgage Broker works for YOU, the client. A Bank Loan officer works for the Bank selling its loan programs.
A Loan Call Center
In comparison with major banks...
When you work with me, you are not just an account number. There is no call center to "press 1-2-3" to wait for the next available representative to know the status of your loan application. I am available at your convenience, 7 days a week, to discuss the loan options, provide rate quotes and fast pre-approvals. I am the single point of contact throughout the loan process – from application through processing and loan funding, each and every step of the way. Most importantly, after close of escrow, if you have any transaction related questions, I am still accessible.
Compare Rate Quotes - Read the fine print - As the saying "All that glitters, is not Gold"
Most online quote rates are based on "best rate scenarios" - 25% down payment, 740+ Credit Scores, etc. Please look for strategies by lenders in order to appear to have the "lowest" rate. For example some quote a low rate, but charge points. Others advertise "Zero points" but charge "discount fees", “processing fees", "lender fees", etc. I had seen some lenders quote low rates, and advise clients to not lock the rate with the hope that the market goes down during the escrow. But what if rates go up? Most people spend hours shopping rates online, but do not understand that many online rate quote sites are lead generation sites, and your contact information will be forwarded to many call centers and lenders nationwide. Always remember to choose a lender you trust, NOT necessarily the lender quoting you the "absolute lower" rate.