By: MortgageMatchup
As a real estate agent, you’ve likely built your business to deliver whatever your buyers or sellers need, whenever they need it. But when it comes to the home financing process, it can be challenging when you feel like you have little control over the timeline and that the fallout from a slow, tedious process can break a deal.
Fortunately, you have a great resource you can turn to right in your own area. To reduce time to close, fellow real estate professionals are increasingly partnering with local independent mortgage brokers and seeing results that make clients happy and ready to refer.
Mortgage brokers have their choice of wholesale mortgage lender partners that compete for faster closings — and typically close in an average of 20 business days. When every day that passes might feel like forever to a buyer or seller, a shorter closing time eases the tension.
Mortgage brokers are also primed to be agile with a variety of loan solutions at their fingertips. Buyers benefit from a broker’s access to lower wholesale pricing and down payment assistance options, which can turn into more buying power. A mortgage broker can often help increase a buyer’s likelihood of securing financing by helping them find the right fit based on their individual circumstances. Your mortgage broker partner also has access to leading-edge technology that helps the homebuying process move quickly, with more transparency for you and your client.
Consider how your mortgage broker partner can leverage technology to provide the most value to your buyers, including:
- Online pre-qualifications and mortgage application portals
- Automatic doc-less income and assets, so your buyers don’t have to find pay stubs or bank statements
- Virtual closing options that allow your clients to close anywhere, at any time, from any device
- Loan tracking so you can update your buyers on their loan status from submission to closing
Like you, independent mortgage brokers are local experts who rely on providing elite client service and earning referrals to grow their business. Unlike large financial institutions, mortgage brokers are embedded in their local community and count on reviews to attract borrowers and real estate partners. They care about nurturing their relationships, not just about a transaction or bottom line.
They also make great partners for real estate professionals because they are aligned on the goal of building relationships with consumers for the long term. Both agents and mortgage brokers are experts at the local level, and both are on-call for clients. And if problems come up during the loan process, mortgage brokers quickly communicate and solve issues in a timely manner.
Partnering with a mortgage broker means getting your buyers to the closing table faster and helps to ensure:
- A one-stop shop for loan programs and specialty products to fit all unique financing needs
- Competitive rates and pricing
- Consistently fast turn times
- Fast, worry-free closings
- Transparency throughout the entire process
For agents focused on faster closings and elite client service, choosing an independent mortgage broker is the smart option.
Partner up with a local home loan expert — find yours today at Mortgage Matchup.
This is a sponsored post submitted by mortgagematchup.com. The representations, information, advice, and opinions presented by YPN Lounge authors, sponsors, or advertisers are solely their responsibility. Read REALTOR® Magazine’s sponsored content disclaimer policy.