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#304056 - 08/26/09 06:56 PM How to find an honest Mortgage Broker
SoCal Steve Offline
Junior Member

Registered: 08/26/09
Posts: 1
Loc: Los Angeles
Hi,

I'm getting back into real estate after a couple of years. I use to work at a full service real estate office and I would do the loans as well as the real estate side of a transaction for my clients. On the loan end I would hardly make any money and would only do loans my clients could handle, usually 30-year fixed. Any money made on the loan transaction would usually go back to the buyer. I would buy them a washer/dryer, new tv, etc. and I would make good money off of the real estate transaction.

I'm now working at an office I love that will only allow me to work the real estate side of a transaction. And I don't really like our in house mortgage officer. He doesn't return my clients calls and I don't get a good vibe from him. Also, most of my clients are spanish speaking and he doesn't speak the language. I've done a couple of deals and my clients have ended up going to a local bank and getting the loan themselves. How do I go about finding an honest loan officer that is going to treat my client with respect and isn't going to rip them off. It's not that I don;t want them to make any money but charging at least 2 points for a full doc loan is a bit harsh. TIA

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#304649 - 09/01/09 04:10 PM Re: How to find an honest Mortgage Broker [Re: SoCal Steve]
Cave Man Offline
Veteran Member

Registered: 11/16/07
Posts: 582
Loc: CA
Call a couple escrow officers who handled a closing you were involved with. Ask for names of three loan officers they dealt with that they were impressed with. Or switch to a broker who wears two hats.

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#304874 - 09/03/09 01:17 AM Re: How to find an honest Mortgage Broker [Re: Cave Man]
Lending Bee Offline
Member

Registered: 06/22/08
Posts: 16
Loc: Los Angeles, CA
Hello Steve,

Give me one deal, you will love the way I work. I've built my business based on referrals from real estate professionals like you. I believe in repreat busines and that is the reason we are still in business. Your clients will get low rates, low fees and exceptional service. Most importantly, we get things done, we close deals on time. We have two offices - 1 in West Hollywood and another one in North Hollywood, so the client would be able to come to either one of the office. We also have a spanish translator.

We do have a real estate division as well, so you can join our firm. Call me so we can discuss.

Thank you for your interest,


Boris Dorfman
www.lendingbeeinc.com

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#305102 - 09/04/09 12:19 PM Re: How to find an honest Mortgage Broker [Re: Lending Bee]
Bay Area Brian Offline
Member

Registered: 06/09/07
Posts: 476
Boris

Never done any "repreat" business, how does that work? Will I have to "repreatedly" double check any documents you present? laugh


Edited by Bay Area Brian (09/04/09 12:23 PM)
Edit Reason: add icon

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