Comments on: How to find a good Mortgage Company http://www.loanbark.com/2006/04/27/how-to-find-a-good-mortgage-company/ consumer mortgage advice - lending industry watchdog Mon, 06 Feb 2012 13:13:18 +0000 http://wordpress.org/?v=2.3.2 By: Anonymous http://www.loanbark.com/2006/04/27/how-to-find-a-good-mortgage-company/#comment-10 Anonymous Thu, 06 Jul 2006 16:42:00 +0000 http://www.loanbark.com/2006/04/27/how-to-find-a-good-mortgage-company/#comment-10 I think Family and Friends referrals is actually the best and most important referral of all. Granted, they could regrettably get suckered and not know it. However, Realtors are often pressured by their companies to refer <i>their</i> lenders, whether trustworthy or not. So, a Realtor with Re/MAX or Prudential would in some cases be obligated to recommend their in-house lender and other services above other local lenders, title insurance companies, and mortgage brokers. <br/><br/>We've had a few clients who went with an in-house lender, only to be promised a loan that couldn't be delivered at the promised terms. The Realtor doesn't always have control over the honesty and quality of their in-house loan officers. I think Family and Friends referrals is actually the best and most important referral of all. Granted, they could regrettably get suckered and not know it. However, Realtors are often pressured by their companies to refer their lenders, whether trustworthy or not. So, a Realtor with Re/MAX or Prudential would in some cases be obligated to recommend their in-house lender and other services above other local lenders, title insurance companies, and mortgage brokers.

We’ve had a few clients who went with an in-house lender, only to be promised a loan that couldn’t be delivered at the promised terms. The Realtor doesn’t always have control over the honesty and quality of their in-house loan officers.

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