When I first meet a potential client one of the first questions is: Are you currently working with a lender?
You would think a yes response would be exactly what an agent wants to hear since that would indicated that they’re ready to purchase a home but honestly that response gives me mixed feelings.
There are few things more painful to an agent (or at least to me) than having to work with a mediocre lender. Throughout a transaction the communication between the lender and agent is crucial as it’s my role to carve the smoothest path to home for my buyer as possible. Because lending issues will arise during the process, how the lender is able to manage those issues is the difference between a bruise and a knock-out, only an exceptional lender uses foresight to avoid the punch.
The entire home purchase with the buyer is dependent on a dynamic agent and lender combo. When a buyer has randomly selected a lender chances are good they will be mediocre. Pro-activity, experience and availability are crucial.
Quick Tip: If your lender doesn’t provide their cell number in the signature of their emails and make themselves available after hours, on the weekends and within 20 minutes of your call, keep looking!
