I finally know how to upload pics here!!! Thanks Ann. Anywhoo, on to the topic....
Have you heard of these? One stop mortgage shops? An umbrella of mortgage services without the need to go elsewhere for any part of the transaction? Have you heard? Heard of independent mortgage brokers being kicked out of offices because of in house mortgage services, builder incentative and heard the one-sided viewpoints whether this is a good way for consumers to shop? Think about it, you have realtors, title companies, mortgage companies, etc....all under the same umbrella. So, why wouldn't this be a great idea for the consumer just to go this route? Everybody would be on the same page, have a familiarity with how everyone else does business, and obviously have the customer's best interests and the best possible deal for their situation!??! Or is it? For one brief moment, I'm going to keep my opinion on this to myself? Is it a conflict of interest, a disguised monopoly, or an easier way for the client to go about real estate transactions? Or just another option in a very competitive business? I would like everybody else's opinion on this. Color me curious................
Mortgage Companies, independent of the Realtor, will always yield the highest service, cheapest overall cost to the consumer, and best advice.
Realtor owned or controlled mortgage companies have to hire sub-par talent to make a profit.
Results from my initial survey say that most Realtors feel the same way.
I am goingt o ditto Brian. I know of many REALTORs that refuse to use their in-house "lender". I don't think it's a conflict of interest if it is disclosed. But, if an agent recommends 1 LO, they have to recommend 3 (at least that is what several of the REALTORs I deal with tell me)
And Jason, your welcome!