Realtors Decide Who Gets The Loan; Rates Ignore Jobs Data; State Lending Updates
A trusted real estate agent could be a loan officer's best friend. A survey, commissioned by Freddie Mac in advance of the National Association of Realtors (NAR) annual conference in Orlando, found there is a strong symbiotic relationship between the two professions and it is one lenders would do well to nourish. Freddie Mac found that real estate professionals tend to refer their home-buying clients to a select group of lenders and they chose those lenders based on the ease of doing business with them, their reputations , and the strength of those relationships . Eighty-four percent of agents say they maintain such a lender list and it tends to be a select one. Almost three-quarters refer clients to only one to three lenders . The remainder work with four to six. The real estate professionals
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