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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would ask for references, as well as the fees and rates.

Dec 21, 2015 03:24 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

How long have they been in business.  Can they provide a list of referrals.  Do they table fund.  Does the lender attend closings.  Does the lender provide their cell phone number.  Just to mention a few.

Dec 21, 2015 10:21 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Will the money be at the closing table without having to extend

Dec 21, 2015 12:31 PM
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

Origination fee and who is the loan being sold to

Dec 21, 2015 10:56 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

You got some great answers here.  Welcome to AR -  I hope you encourage your agents to join AR too! 

Dec 21, 2015 08:02 AM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Work with their bank since many records are already on file.

Often I get officer to waive the credit report and other fees.

If it is free to the borrower they are more opt to go on getting pre-approal letter ready. The sooner they get the letter the sooner I show them properties. No letter no showing-sorry.

Dec 21, 2015 03:25 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

A buyer should ask what the APR is from each lender, which would put them all on the same playing field, and also if they close on time. 

Dec 21, 2015 09:32 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Joan. Most loan officers will do a good job, search out information about them on sites like Linkedin. and Google their name.

Dec 21, 2015 06:04 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

do you have referrals.

Dec 21, 2015 07:49 AM
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

Joan Dickie The buyer really needs to stop asking and start answering ... Their questions will be explained and answered in the lenders disclosure ... once they get the lenders recommendation they can shop it around. But asking tons of questions up front is usually not necessary in my opinion.

Dec 21, 2015 06:40 AM
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Dear LO,

I know you are not the captain of the ship and many things beyond your control can happen. What I need to know is:

1 Does our company offer portfolio loans?

2. What is the criteria to qualify.

3. If the process in which you want me to engage fails, I need you to agree PLAN B will be an approved prortfolio loan.

Dec 21, 2015 03:37 AM
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

I would ask what fees they charge and how likely they are to close on time.

Dec 21, 2015 02:56 AM
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

As a former lender I can tell you that it is more important that the buyer tell the lender vital information than ask the lender questions. If the lender is any good, they will address the things the buyer might ask, they will offer the right programs, good rates, close on time, etc.


Lenders don’t have time to ask borrowers the 1,001 questions about everything that can impact getting a loan closed. You would be amazed at the “things” that can derail a closing that buyers fail to disclose.

Dec 21, 2015 02:46 AM
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

The question is great and asnswers are right!

Nov 13, 2019 04:47 PM
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Great answers from AR memebers.

Nov 13, 2019 04:35 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

What percentage of your preApprovals close?

Feb 28, 2019 01:12 AM
Melissa Stutes
Kama'aina Mortgage Group Inc. - NMLS# 1276471 - Honolulu, HI
Mortgage Loan Partner - NMLS# 948108

Most lenders want to do a good future business depends on it. does not matter how long someone has been in the business.  I know lenders/brokers who have been in the business for a short time and work harder than seasoned 30 year lenders/brokers.  As long as they are willing to work hard and find the right options, you're in good hands.


I would recommend asking how many product options they offer.  Can they only provide what their lending company offers...or can they broker out (offering several options).  Some lenders can do a hybrid, which offers the best in rates/pricing but may open the door to options that otherwise would not be available to them.

Search online to find professional profiles and reviews from social media sites and real estate sites (Trulia, Zillow, Lender411, Facebook, LinkedIn, etc.)


It's like any relationship...buyers will need to disclose a lot of confidential information.  Whoever they choose, they need to feel comfortable with the person.

Feb 24, 2016 06:57 AM
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

Hi Joan, after reading every answer, there are 4 answers that came up more than once. References, Fees, closing on time, and shopping around. It tells me that these answers came from real estate agents who have worked with mortgage brokers and have gotten a bad expericence. I do not give references (other than title companies I've worked with). I value my customer's privacy too much to have them get calls from strangers. Always ask what the rate and fees are and then compare them to more than one lender. Most of the other answers given are ones that you would not ask a bank. Ask the lender to explain APR and how many dates of interest are they using in that figure, since the APR changes depending on the number of days used. Who the loan is sold to, Table Funding and Portfolio loans questions are not necessary. Ask for the rate, term of the loan, fees and monthly payment. After you get their documents, verify that information. 


Jan 07, 2016 03:51 AM