We as agents get a sinking feeling when our client comes "preapproved" from an online lender. It's our job as your trusted advisor to have your best interest at heart and to bring you the information you need to make an educated decision.
You can't text a 1-800 number. Your Agents Trusted loan officers are available to answer questions outside of business hours - typically when our clients need them the most. We make sure we team up with lenders that care and are available.
Online lenders don't call listing agents to vouch for your client's preapproval. Our loan officers, with how competitive it is out there are happy to call a listing agent to vouch for both our reputation and our client's secure preapproval. This quick call has been known to instill confidence and win deals.
Accountable to Baird & Warner. If something goes wrong with an online lender, you have no one to call. With our lenders, you have direct access to decision-makers who always make our clients their number one priority. At an online lender, you are just another transaction.
Hidden fees and bait and switch rates can blow up deals. Online lenders often attract business by advertising jaw-droppingly low rates or fees. Once you are through the majority of the loan process, you are informed that you don't qualify for the advertised rate, or that there were fees that were not accounted for. You could be stuck with a higher rate and a tough decision. Often, at that point, it's too late to switch lenders and it's possible that the whole deal blows up.
We hope these help. Reach out to us today to strategize on how our team can help you build a buyer strategy that wins deals.