As 2019 draws to a close, it’s a great opportunity to take stock of the year you’ve had and set your goals for 2020. Want to strengthen your relationships, expand your referral network and get paid faster? As a real estate professional, you can set yourself up for success in the new year by partnering with an independent mortgage broker.
Working with a mortgage broker will make your buyer’s experience more seamless across the board – and happy clients will share their experience with friends and family, which means more referrals for you. The convenience factor that mortgage brokers bring to the table can go a long way. For example, if your buyer goes to a bank for their mortgage, they’re at the mercy of a mortgage banker who works only during standard bank hours at that one institution. Mortgage brokers, on the other hand, are independent entrepreneurs who set their own hours, are accessible whenever questions come up and have the flexibility to meet when and where it’s best for their clients.
Mortgage brokers also offer more loan options – often with better pricing – and have access to a variety of lenders compared to their counterparts at big banks and direct online lenders who only offer one set of products. No matter what your buyer’s financial situation, partnering with a mortgage broker means you can be sure they will find a loan to fit their needs with a monthly payment they can afford.
An independent mortgage broker can also make your life easier by helping you get you paid faster. Most big banks and direct online lenders have average turn times of 45 to 60 days, but mortgage brokers can typically close a loan in 15 days or less because of their partnerships with wholesale lenders. A faster process not only means your buyer can move into their dream home more quickly, but it also means your payday arrives sooner.
Independent mortgage brokers make great partners because they’re rooted in the local community and, just like you, they work to build relationships to ensure the long-term success of their business rather than simply facilitating faceless transactions. Because they are licensed experts who focus solely on mortgages, they’re able to shepherd you and your clients through the loan process to help make every sale a smooth and successful one.
Make partnering with an independent mortgage broker one of your 2020 resolutions. Visit FindAMortgageBroker.com to find a local mortgage broker near you and learn more about how partnering with a mortgage broker can boost your business.