Laura Duggan of West Austin Properties tells us what are the types of lenders and why you should care if you are a home seller. Having a lender that is honest, gives the best loan program that is good for your client and not for their compensation, has inhouse processing that your client can always talk to, has in house underwriting that you can keep them on track for deadlines and you have build a relationship for years in very important to give convenience to your buyer and also for the seller. So the process for you as a consumer is when you are planning to get a loan, you find a house, your lender will upload your order to the Appraisal Management Company database and wait for the appraiser to check the order. It is like a bidding system and a bad lender will give it to the lowest bidder for the appraiser is cheap but that appraiser might be 300 miles away and might not even visit the property. A disreputable lender who is out of state might leave you hanging and end up paying extra money as a seller to expedite the process which costs 3x the regular payment. All of these can be avoided by having a mortgage broker that you trust and you can count on to and have their own appraiser panel which is their own lists of trusted appraisers.So if you are looking for a loan, look for a lender that has in house appraising, in house underwriting and an appraiser panel whether you’re a seller or a buyer.
To schedule a FREE real estate specialists consultation please contact Darryl Baskin of Baskin Real Estate Specialists powered by eXp Realty.
DARRYL BASKIN
Baskin Real Estate Specialists, eXp Realty
Email: info@darrylbaskin.com
Tel: 918 258 2600
Tel: 918 740 0077
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