Lenders and real estate agents work hand-in-hand to provide buyers with an excellent home purchase experience. To do this, they must build professional relationships that facilitate success for all parties. As an agent, this is one of the most valuable things you can do for your career. To become an agent that lenders love to work with, follow these tips:
It should go without saying that knowing mortgage industry basics is essential in working with lenders. You will be able to ask the right questions and advocate for your buyer. For example, knowing the typical timeline for closing a loan will help set expectations, and prepare your client.
To be an agent lenders love to work with, you have to show them that you want to work with them. That means demonstrating excellent teamwork and communication by helping clients close on time, delivering on promises, and returning phone calls and emails on time.
Know the area you are working in and expand your presence there. This means local advertisements in papers, on tv, and on social media. Lenders like working with agents that know the area because those agents have a firm grasp of the market and will be able to guide buyers to the best home for them and their budget.
If you are an agent that doesn’t have a website or online presence, get one! A personalized website and social media page are an excellent way to:
Remember that you are building a connection with real people when you work with lenders. These relationships are critical in getting references and knowing who is selling and who is not. Begin networking with others in the industry by going to conventions and continuing education courses. Introduce yourself to others, and be sure to also connect in professional networking groups on social media.
Putting a home into a trust may seem like an option reserved for older homeowners who have paid off their mortgage and have accumulated an estate, including assets such as a home, motor vehicles, various investments, boats, rental properties, furniture and even a vacation home. However, having a home that’s owned outright is not necessary […]
The start of a new year is often seen as the time to make major changes in life. While many people resolve to start hitting the gym, losing weight, reading more, or making a career change, others may decide to buy a new home in the coming months. That’s a great goal, one that can […]
Buying a home is one of the most exciting events in a person’s life. A new home can mean a new direction, a major step forward, the beginning of a family or just a fun opportunity to live in a new state, city or neighborhood. It’s also a complex task that involves several important steps. […]
