What's the name of my mortgage broker?

For those of you that are in the business of rehabbing homes and selling them to retail buyers, finding the right members of your team can be almost as important as finding a qualified buyer. Adam, what are you talking about members of your team? What I mean is screening, interviewing, and qualifying your mortgage broker just as much as you would for an interested buyer.

I can tell you from experience that finding a great mortgage broker that will anticpate problems before they happen is ABSOLUTELY invaluable. Also, your mortgage broker should be following up with you daily throughout the closing process. You should know every aspect of the qualifing process so that you are not surprised the day of the closing.

One other tid bit to think about. I have countless stories about loans failing days before closing because my buyer's mortgage broker did not anitipate problems ahead of time. You should direct all buyers to use YOUR mortgage broker and not there own. Sometimes I have paid extra closing cost for a buyer just to incentives the buyer to go with my mortgage broker.

Pick a GREAT mortgage broker and you will solve 90% of your loan processing issues.

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