2. Suplly a firm mortgage commitment before the end of the diligence or mortgage contingency period.
3. Close on time or notify me no less than a week in advance that you won't be able to and let me know why and what you're doing to resolve the problem.
That's it, sounds simple and yet I know from over 25 years of experience in dealing with lenders that over half of them can't do it regardless of what they may say. Just like in real estate, experience counts more than the public imagines.
2. On time and be accountable.
3. Skip the hysteria. Only present solutions, not problems.
4. Really, really, really important. I as a REALTOR, and my buyer and the seller need to be protected from the ambushes of Chase, Bank of America, and Wells Fargo. Make certain the FUNDING SOURCE is LOCAL and holds. You should be able to articulate to buyers and their agent the incredible benefit and agility this provides.
And without saying, you have to do all the other stuff proactively also. No one should work with a lender or mortgage broker who fails to understand the importance of communications.
#1 Close the deal if you say you can. Do not issue preapproval letters that you have gathered all the documents for and fail to follow through at closing.
#2 Keep me in the loop as to how the preapproval is going as well as if there are any red flags on the deal I should know about.
#3 Keep me in the loop as to any new loan programs that maybe useful to my clients or myself.
Dual Licensed Real Estate Broker NV#62827 MA#9530304
NV Broker & Team Leader of The Adams Team at Rothwell Gornt Companies
I am more than welcome to assist with any other questions. 702-236-6266
Exit Realty Number One
10655 Park Run Avenue #100
Las Vegas, NV 89144