Like I've said before many times and in my post below, over the years I've not been the biggest fan of many Realtors. But after the last six years which has thinned the herd of Mortgage Brokers and Realtors, the relatively few of us that are left are having to put forth 5 times more work and effort per closing than we did prior to 2007.
Same as Realtors experience, Mortgage Brokers are routinely the victims of very dishonest and unappreciative clients! These clients will use you for many months, sometimes up to a solid year! This is a VERY HOT topic for me right now as I have just experienced the most disgusting stunt ever pulled on me by a client in the history of my career!
Though there are a lot of good, honest and appreciative consumers, however many in the industry will tell you that their numbers are shrinking. Iâ€™m amazed and sickened to see just how completely inconsiderate and unappreciative so many people are these days!
Again, though Iâ€™m not the most Realtor friendly Mortgage Broker, the Realtors in my â€œCircle Of Trustâ€ that I send my pre-approved buyer referrals to and the Realtors who send to me business, who know Iâ€™ll bend over backwards to get their deals done, all know I got their back! But its sickening to watch how so many clients will use and abuse them for months, after showing them 25 to 50 properties, then jumping ship to some â€œJohnny Come Latelyâ€ realtor that shows them a home way above their criteria which they force my Realtor partner to stay within, basically stealing months of their time and professional knowledge without as much as a simple phone call or email thanking them for all their time!
Then have the freakin nerve to tell me the Realtor partner who referred them to me for the loan wasnâ€™t able to find them or show them any homes they were interested in!! As you could imagine, this puts me as the Mortgage Broker in a very difficult situation, having a referral sent to me by one of my Realtor partners, whose buyer is jumping ship on them.
What do I do? I do whatever I can to get them to think about all that my realtor partner has done for them, all the time they have invested in helping them and try the best I can to get them to stay loyal to them. Or... I try to get them to be added as referral so they can at least share in some of the realtor commission on the property, etc.
I could never do to others what I see consumers do to Realtors and Mortgage Brokers without the slightest bit of remorse for pulling some of the most back stabbing stunts you could imagine!