Paul S. Henderson, REALTOR®, CRS, South Puget Sound Washington Agent/Broker! (Fathom Realty Washington LLC)

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Rainmaker
5,096,966
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I work with several lenders regularly and will make recommendations to clients based on their specific needs and where I think someone's style will match up best.

Dec 06, 2015 07:26 PM
Rainmaker
2,172,713
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I believe that a Buyer's agent needs to supply a list of proven and time tested Lenders to their Buyers ! Letting them find someone on the own creates a poor working relationship and can cause disastrous results and stress in the Buyer's home buying experience !!!

Dec 06, 2015 06:54 PM
Rainer
415,315
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Apologize if you don't agree.  The only reason to give out three lenders names is to distance yourself from any problems that arise. Closing a mortgage is complex and a mountain of paper.  To close in 20 days the buyer needs to be speaking with/emailing the lender daily. Lenders entice buyers with lower than market rates, and we see BofA and Chase offering low rates online on days they need to buy market share. They process and fund out of state and can't close on time. Wells Fargo informed their retail sales force nationwide to lock all loans for 45-60 days as that is the minimum time frame with TRID to close. If I were a buyer's agent  I would ask they double apply with my trusted associate.  Every day I get a panic call from a buyer's agent that they need to fix a broken deal. More than 70% of those buyers wanted a "2 percent no points fixed unbelievable rate."   

Dec 07, 2015 04:16 AM
Rainmaker
3,626,524
James Dray
Fathom Realty - Bentonville, AR

If they don't already have a lender I give them a list and let them decide on who they want to work with.

Dec 06, 2015 07:43 PM
Rainmaker
846,475
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

I like to say I give them options.

Dec 06, 2015 06:53 PM
Ambassador
3,727,581
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

I have three terrific lenders on a list that I give to my clients.  Left to their own devices, they might wind up on some web site that will try to sell their names to other agents!

Dec 07, 2015 03:12 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

What Michael J. Perry , Sandy Padula and Norm Padula, JD, GRI and James Dray said

Dec 06, 2015 09:58 PM
Rainmaker
1,723,526
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

We have several tested lenders we recommend, but always invite our clients to shop.

Dec 06, 2015 09:44 PM
Rainmaker
1,533,566
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Jason E. Gordon here in the Rain is my #1 lender I refer verbally each new buyer meeting. I use him personally too. I do have a Navy Federal lender I like for VA buyers that insist on a military credit union.

I know many other lenders, but I refer them in a list form if my new buyer asks for more than just Jason's name, via my lender list, which I offer to each buyer. I have worked with some good ones over the years that my buyers showed up with, so I kept their names to balance out my list (which is published here on AR) and not be accused of "steering". But, unlike Jason, they are much on networking, which makes Jason the most valued of the bunch.

Dec 06, 2015 09:41 PM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I try to direct to around 4 lenders, 3 which are local. The 1 out of state is in LA and services investor loans.

Dec 06, 2015 09:17 PM
Rainmaker
7,802,394
Roy Kelley
Retired - Gaithersburg, MD

I suggest mortgage loan officers that have a proven track record.

Dec 06, 2015 09:10 PM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

As each client has specific needs I would givem them a choice and put the one that best firs their needs on top as it generally is the one they choose.

Dec 06, 2015 08:50 PM
Rainer
150,416
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

Yes, I have three specific ones that I will suggest based on my clients experiences. I make sure that my clients are aware that they should "interview" the lender, not just check rates. 

Dec 06, 2015 08:40 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

A list of proven resources is provided along with some reality stories related to Bank of America and Chase.

Then I advise having a good plan B will be essential. On the Plan B list is only one company.

Dec 06, 2015 08:37 PM
Rainmaker
5,197,759
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

I prefer buyer's work with lenders I know. Always suggest three, but in some cases may show a preference for a particular lender.

Dec 06, 2015 08:13 PM
Rainmaker
909,338
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I suggest a few if they haven't already chosen one.

Dec 06, 2015 05:58 PM
Rainmaker
2,538,633
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Paul. Most of the Realtor referral partners I work with on use one mortgage broker.

Dec 06, 2015 05:19 PM
Rainer
4,778
Matt Klewin
Windermere Real Estate - Seattle, WA

Paul, this is a subject very near and dear to me as it relates to representing buyers in a way that results in the best possible outcome. This includes guiding a home buyer to the best source for financing as possible. In this new age of mortgage lending especially, a buyer needs a savvy and experiences LO who knows how to package a file to meet underwriting guidelines and minimize delays caused by insufficient documentation among other things. A mortgage loan officer who is thorough is absolutely critical to a smooth outcome for all parties involved. Thanks for bringing this topic up.

Dec 09, 2015 12:59 AM
Rainmaker
5,583,178
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we pre approve everyone through Ross Mortgage...Eric's wife is the mortgage officer.... she does a great job... and they always end up using her.... they don't need to, but we insist that we know the "true" picture before a listing goes off the market....

Dec 07, 2015 12:37 AM
Rainmaker
1,659,336
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I provide a list of excellent lenders to contact.  The buyer makes their own decision.

Dec 06, 2015 10:28 PM
Rainmaker
4,859,376
Richard Weeks
Dallas, TX
REALTOR®, Broker

I have 3 who are on my preferred vendor list.

Dec 06, 2015 09:24 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

If they ask me I give them names of 3 or 4 lenders.

Dec 06, 2015 08:56 PM
Rainer
274,059
Curtis Evans
Cabin Realty LLC/ USA, Licensed in Louisiana - Golden Meadow, LA

I have 3 or 4 that I will suggest to the buyers if they are not already working with someone.

Dec 06, 2015 07:33 PM
Rainmaker
2,759,787
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Monday morning Paul. I know of many who do refer their clients to a specific lender. Or at least give them three that they have had good relations with

Dec 06, 2015 05:10 PM
Ambassador
6,364,089
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I have a list that I share.

Dec 17, 2017 11:00 PM
Rainmaker
502,463
Lainie Ramsey
Homes By Lainie Real Estate Group - Pottsboro, TX
Lake Texoma Expert

We have an in-house lender that I highly recommend.  Of course buyers can choose whomever they wish to work with, but he has a track record of success and I certainly feel more comfortable when he is the one closing our loans.

Dec 11, 2015 10:19 PM
Rainmaker
979,496
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Paul - I do have one lender that I have worked the longest with, but if my clients need a lender, I will recommend a few different options. I also let them know they can use anyone they want. At the same time, I do let them know that choosing the right lender is just like choosing the right agent, and it can make a difference.

Dec 09, 2015 02:11 PM
Rainmaker
281,968
Nancy Robinson Ranked #6 in MI
Century 21 Town and Country - Royal Oak, MI
#11 Century21 Realtor in the US, #16 in the World

I Ask them first if they have someone and if they do not i suggest a few and the suggestions are based on what they prefer, more info and hand holding or lower rate or combo of the two.

Dec 09, 2015 09:28 AM
Rainmaker
1,683,862
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

We have lenders that we suggest, however some prefer to use their bank or someone else, for whatever reason.

Dec 07, 2015 11:44 AM
Rainmaker
2,352,880
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I encourage them to use our lenders. 

Dec 07, 2015 11:22 AM
Rainmaker
617,935
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Paul,
I keep a half a dozen to refer clients to. Depends on what the client needs. I would never send them to hunt on their own.

Dec 07, 2015 10:12 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I have several lenders that I use and know which work the best with each type of client.

Dec 07, 2015 09:40 AM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I give my clients a list of local brokers and mention the two I know are best at closing deals on time.

Dec 07, 2015 07:36 AM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have several if my clients need one

Dec 07, 2015 06:07 AM
Rainer
67,369
Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

I work with a specific lender as I want to make sure they qualify & close.

Dec 07, 2015 06:05 AM
Rainmaker
1,619,916
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Of course, I would prefer my lender, but if they bring someone else, it is their choice. I noticed that some buyers do a lot of shopping before picking a lender for home-purchase. 

Dec 07, 2015 05:17 AM
Rainmaker
1,499,508
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I recommend three lenders, two from big institutions and one from a private institution.  Depending on the buyer's situation one may work better than another.  However, I never require or steer a buyer to one of my lenders.  They are responsible for choosing whomever they wish, on or off my list.  Same thing goes for service providers.

Dec 07, 2015 05:10 AM
Rainmaker
530,966
Gary Coles (International Referrals)
Venture Realty International - Las Vegas, NV
Latin America Real Estate

I have always suggested lenders that I know and who are great problem solvers and communicators.

Dec 07, 2015 04:03 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Paul S. Henderson, Realtor, Tacoma Washington I like to work with some specific lenders - however, it's buyer's privilege to pick the one they want to work with.

Dec 07, 2015 03:46 AM
Rainer
112,947
Vera Gonzalez
RE/MAX Suburban, Inc. - Sterling Heights, MI
Gonzo For Real Estate

I have a list of 3 . Some don't do certain types of loans. I like them to use who they are comfortable with. 

Dec 07, 2015 02:45 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I have a few that I recommend.  But, ultimately it's the client's decision.

Dec 07, 2015 02:40 AM
Rainmaker
2,310,576
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

I have a few that are excellent.  If they don't walk on water, I don't give their names out.  

Dec 07, 2015 01:13 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Paul S. Henderson, Realtor, Tacoma Washington I've seen too many bad experiences with buyers looking for a commercial lender on the Internet. Interest rates usually motivate them. I recommend lenders who I know can get the job done.

Dec 06, 2015 11:55 PM
Rainmaker
5,852,537
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Many of my buyers have already connected with a lender, but if not, I give them some options.

Dec 06, 2015 11:10 PM
Rainmaker
4,558,684
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I have lenders I can and do recommend.

I also have clients who have a relationship with a lender.   

So as usual "it depends".  It's always the clients decision.

Dec 06, 2015 11:05 PM
Rainmaker
1,047,795
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Depending on the type of purchase, we have several competent local/regional lenders we encourage clients to contact, and if they like, use.

Dec 06, 2015 10:00 PM