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What Should I Look for in a Mortgage Banker?

What Should I Look for in a Mortgage Banker?

Finding the right mortgage banker is almost like searching for the right tax guy, or even the right guy for that matter. With so many lenders and bankers out there, you can easily get lost in the sea of lenders.

It all comes down the difference one banker can make that others can't. You're making a huge investment as you buy a home, and you want a lender who will walk you through the ins and outs of the mortgage process as simply as possible. If you go with the wrong mortgage banker, it can cost thousands of dollars and cause needless headaches along the way.

What Qualities Should a Mortgage Banker Possess?

  • What kind of customer service does your mortgage banker offer?
  • You want a broker who will answer your calls, no matter whether you're experiencing buyer remorse or freaking out as you gather the information needed to complete your application. You're paying for their assistance, and a mortgage banker who doesn't give you the attention you need to get through this process is missing the boat.

    Your mortgage banker should make you feel valued and appreciated. Making a connection and a professional relationship with your banker should make the process less stressful, fun, even. Above all, a mortgage banker who sets your needs apart from theirs is a keeper.

  • Can you trust that mortgage banker?
  • There is a lot of sensitive financial information involved in getting a mortgage. Going with a reputable company with quality service, credentials, and reliability will ensure you don't get blind-sided by a breach of your trust. A mortgage banker who can show you various options when it comes to loan programs proves they are more interested in helping you find a loan that fits your needs and situation than in steering you toward any particular loan program.

  • How much experience does your mortgage banker have?
  • The mortgage industry is complex and constantly evolving. It's important to choose an expert who's committed to staying informed on new developments and loan programs. Ask how long they've been in business and exactly how they are different from other mortgage bankers.

When it comes to excellence, trust, and experience, the mortgage bankers at Midland Mortgage make the choice easy. Contact us today, and let us provide the superior service you'd expect when choosing a lender.

Posted Apr 27, 2016 by Midland Mortgage Corporation