So you’re wondering why your realtor is so adamant that you call a certain lender. That’s got you thinking, Is there some kind of under-the-table deal working here? Why are they pushing so hard that I call this specific lender?
An under-the-table deal is illegal. That’s not why your realtor is making a recommendation.
This business is built on relationships.
If your realtor has recommended a certain lender, it’s because they know that lender. They know how they work. They’re able to communicate well with them, and that means they have more control over the transaction. They are asking you to deal with a knowledgeable and reputable lender so that they can ensure a smooth closing for you.
Miscommunication sinks deals.
One of the worst things that can happen in a transaction is that the people involved do not know each other and do not communicate well. That can lead to a disaster for the homebuyer. That is not what the realtor wants at all. This business is built on referrals from happy clients. Knowing that they’re going to have a positive outcome from the transaction is in the realtor’s best interest.
That’s the only thing they’re in cahoots over.
If you have more questions about the relationship between realtors and lenders, the mortgage process, or anything else to do with home financing, hit us up. You can call 205–986–4220, connect with us on social media, or ping our website. We are happy to help you in any way we can.
— Ben Chenault,
Certified Mortgage Planner
MortgageBanc / Fairway Nmls# 2289
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