{"id":4710,"date":"2016-09-24T16:37:05","date_gmt":"2016-09-24T16:37:05","guid":{"rendered":"http:\/\/teammovemortgage.com\/?p=4710"},"modified":"2020-07-13T22:33:02","modified_gmt":"2020-07-13T22:33:02","slug":"which-mortgage-lender","status":"publish","type":"post","link":"https:\/\/teammovemortgage.com\/blog\/which-mortgage-lender\/","title":{"rendered":"Which Mortgage Lender Can Make or Break a Purchase"},"content":{"rendered":"<h2>Which\u00a0Mortgage Lender?\u00a0 It is That Important!<\/h2>\n<p>As we always say, the mortgage lending process comes down to Communication and Execution.\u00a0 There are\u00a0actually more specific\u00a0factors to determine which mortgage lender.\u00a0 But, in our opinion,\u00a0the basics come down to these two key factors.\u00a0 Too many lenders fail in these areas,\u00a0so obviously this\u00a0is a common realtor &amp; buyer complaint.\u00a0\u00a0Although <a href=\"http:\/\/teammovemortgage.com\/our-process\/\"><span style=\"text-decoration: underline;\"><strong>our process<\/strong> <\/span><\/a>is built to provide communication, unbelievable service throughout, great products &amp; rates, and an efficient process.\u00a0 So let&#8217;s discuss the keys to choosing which mortgage lender &amp; why we are that lender.<\/p>\n<h2>Keys to a Successful Closing &#8211;\u00a0Use to Determine Which\u00a0Mortgage Lender to Represent Your Future<\/h2>\n<ol>\n<li>Constant Verbal &amp; Written Communication\n<p><figure id=\"attachment_4716\" aria-describedby=\"caption-attachment-4716\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4716 size-medium\" src=\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2016\/09\/gears-300x200.jpg\" alt=\"Which mortgage lender - tips for choosing the right lender\" width=\"300\" height=\"200\" \/><figcaption id=\"caption-attachment-4716\" class=\"wp-caption-text\">Parts to provide the best purchase experience<\/figcaption><\/figure><\/li>\n<li>Thorough discussion of goals &amp; scenarios<\/li>\n<li>Accessibility<\/li>\n<li>Products and Pricing<\/li>\n<li>Fast &amp; thorough pre-qualifications<\/li>\n<li>Knowledge to get loans closed<\/li>\n<li>Dedicated processing staff<\/li>\n<li>Mobility<\/li>\n<li>Access to the decision makers<\/li>\n<li>Closing on-time<\/li>\n<\/ol>\n<h2>Constant Communication During the Purchase<\/h2>\n<figure id=\"attachment_4715\" aria-describedby=\"caption-attachment-4715\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4715 size-medium\" src=\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2016\/09\/sound-gizmo-300x200.jpg\" alt=\"which mortgage lender - communication\" width=\"300\" height=\"200\" \/><figcaption id=\"caption-attachment-4715\" class=\"wp-caption-text\">Turn up the communication level with us!<\/figcaption><\/figure>\n<p>One would think communication can be taken for granted as a\u00a0basic customer service.\u00a0 But that is so far from the case.\u00a0 We constantly hear complaints where others will not return calls, especially if there are loan issues.\u00a0 Our process and staff will actually keep buyers and realtors proactively updated in writing.\u00a0 It keeps all parties in the loop of the loan status.\u00a0 Additionally, if your loan officer is not available, there are other team members to help.\u00a0 So don&#8217;t settle for lack of communication when deciding which mortgage lender to use.\u00a0 You deserve the\u00a0best!<\/p>\n<h2>Thorough Discussion of Goals and Scenario<\/h2>\n<p>Mortgage lending is more than taking a basic application and locking in a rate.\u00a0 We believe the application process is a discovery phase.\u00a0 Understanding the who, what, why, and how of a buyer&#8217;s scenario is paramount to recommending the best product.\u00a0 For example,\u00a0we know\u00a0<a href=\"http:\/\/teammovemortgage.com\/usda\/\"><span style=\"text-decoration: underline;\"><strong>USDA<\/strong><\/span><\/a> will deny a buyer with 20% of the purchase price in liquid assets.\u00a0 Or, that we can use <a href=\"http:\/\/teammovemortgage.com\/blog\/2016\/05\/11\/debts-being-paid-off-at-closing-on-a-va-home-loan\/\"><span style=\"text-decoration: underline;\"><strong>VA loan tricks to pay off debts to lower a higher debt<\/strong> <strong>ratio<\/strong><\/span><\/a>.\u00a0 Plus,\u00a0to walk our buyers through the purchase process.\u00a0 In addition,\u00a0it is so important to explain\u00a0mortgage choices and loan structure in an easy to understand manner.\u00a0 Finally, the end result is an enthused and very satisfied buyer.<\/p>\n<h2>Accessibility<\/h2>\n<p>Think of how long it takes for some to return a call or email.\u00a0 That&#8217;s not a good sign.\u00a0 Conversely, we\u00a0promise that we answer calls and quickly return\u00a0voicemail and emails.\u00a0 Commonly we even receive surprised responses to our after hours accessibility.\u00a0 Of course, not all loans go perfectly.\u00a0 Things go bad such as lower than expected income, low appraisals, etc.\u00a0 Although that is not the time for a lender to go silent.\u00a0 The borrower and realtor need to know any struggles as soon as it is known.\u00a0 In the end, good or bad, we communicate with you!<\/p>\n<h2>Products and Pricing<\/h2>\n<p>Not only do we have great mortgage products for buyers, we strive to educate ourselves on them.\u00a0 A common misconception is that buyers need 20% down payment.\u00a0 Whether a buyer needs low down payment or it is just a good strategy, we have many options.\u00a0 On top of that, we offer great rates for affordable housing payments.<\/p>\n<h2>Fast &amp; Thorough Pre-Qualifications<\/h2>\n<p>Because listed properties can move fast and the market is competitive, getting a quick answer is paramount.\u00a0 On top of that, the answer needs to be as accurate as possible.\u00a0 Lenders should not give a pre-qual letter just because someone wants one.\u00a0 Before providing a prequalification letter, we review all available information.\u00a0\u00a0In addition,\u00a0we highly suggest borrowers provide documentation early and complete so that our answer is very accurate.\u00a0 The earlier we have confidence, the earlier our buyers and realtor have confidence.\u00a0 That is a good thing and sets a solid foundation for future closing success!<\/p>\n<h2>Knowledge to Get Loans Closed<img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-4712 size-medium\" src=\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2016\/09\/approved-stamp-Copy-300x168.jpg\" alt=\"which mortgage lender - product knowledge\" width=\"300\" height=\"168\" \/><\/h2>\n<p>Knowledge is king, plus execution requires knowledge.\u00a0 In the first place, we have a &#8220;can do&#8221; attitude at the corporate level including underwriters and owners.\u00a0 But at the local level, we really shine.\u00a0 We ensure that your point of contact has the knowledge and the support behind the loan officer.\u00a0 Team members include mortgage veterans of 15 &#8211; 22 years individually &amp; we\u00a0<span style=\"text-decoration: underline;\"><strong>train often<\/strong><\/span>\u00a0on our products &amp; service.\u00a0 So if your loan officer can&#8217;t answer your question immediately, we can get the answers!\u00a0 Collectively, our local and corporate team will figure the best way to get your loan closed.<\/p>\n<h2>Dedicated Processing Staff<\/h2>\n<p>Behind the scenes is where the bulk of the work happens.\u00a0 Throughout our history, a staple has been our high level processing team.\u00a0 It is led by a 15 year veteran who understands a wide variety of products.\u00a0 The work ethic of our processing team really drives the efficiency of the closing process.\u00a0\u00a0A recent buyer said to our processor,\u00a0&#8220;<em><span style=\"color: #ff0000;\">Thank you for the update.\u00a0 I just want to take this opportunity to say thank you to everyone involved.\u00a0 All of you been working overtime to get this through the process.\u00a0 Plus putting in a lot of hours and it is very, very appreciated. Thank you everyone, for all of your hard work to make this happen.\u00a0 I am very lucky to have such an awesome team working on my behalf!<\/span><span style=\"margin: 0px; color: #ff0000; font-family: 'Times New Roman',serif; font-size: 12pt;\"><span style=\"color: #000000;\">&#8221;\u00a0 Amy H, Wilmington NC<\/span><\/span><\/em><\/p>\n<h2>Mobility<\/h2>\n<p>Mobility?\u00a0 What does that have to do with mortgages?\u00a0 This means we are not too big where it is difficult to get in touch with decision makers.\u00a0 We can\u00a0quickly change processes or products to improve service or response time to you.\u00a0 Additionally, we are big enough to control an efficient mortgage process.\u00a0\u00a0This results in\u00a0a more\u00a0efficient closing for our clients.\u00a0 We are like the goldilocks mortgage company &#8211; not to big and not too small!<\/p>\n<h2>Access to the Decision Makers<\/h2>\n<p>Ask a call center or large bank loan officer to call the head underwriter or CEO\u00a0about a tough situation.\u00a0 That&#8217;s not happening.\u00a0 Our upper management and owners are accessible to the front line representatives.\u00a0 It is such an advantage\u00a0when asking\u00a0for an exception that makes sense or to rush a file.\u00a0 Open communication without restriction from the top to the bottom gives us a clear advantage for\u00a0our clients!<\/p>\n<h2>Closing On-Time<\/h2>\n<p>Last but not least, the contract date is so important.\u00a0 There are situations out of everyone&#8217;s control, but we do everything in our control to meet closing dates.\u00a0 Again, we are proactive in the mortgage process early on for a successful, on-time closing.\u00a0 So from top to bottom, there is a collaborative effort by all!<\/p>\n<h2>So Which Mortgage Lender Again?<\/h2>\n<p>We hope you now know how important choosing an exceptional lender can be for your important life decision.\u00a0 Besides reading these key traits we use to execute your purchase\u00a0to another level, we encourage you to call today.\u00a0 You will then see what we mean!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Which\u00a0Mortgage Lender?\u00a0 It is That Important! As we always say, the mortgage lending process comes down to Communication and Execution.\u00a0 There are\u00a0actually more specific\u00a0factors to determine which mortgage lender.\u00a0 But, in our opinion,\u00a0the basics come down to these two key factors.\u00a0 Too many lenders fail in these areas,\u00a0so obviously this\u00a0is a common realtor &amp; buyer [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4716,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,33,288,40],"tags":[],"class_list":["post-4710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1st-time-buyers","category-frequently-asked-questions","category-real-estate-professionals","category-tips"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Which Mortgage Lender - Top 10 Keys to a Successful Closing<\/title>\n<meta name=\"description\" content=\"Which Mortgage Lender? So Important! We believe it all comes down to communication and execution. We do the little things that create successful closings\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/teammovemortgage.com\/blog\/which-mortgage-lender\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which Mortgage Lender - Top 10 Keys to a Successful Closing\" \/>\n<meta property=\"og:description\" content=\"Which Mortgage Lender? So Important! We believe it all comes down to communication and execution. 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