Mortgage Brokers
During the recent real estate boom, the mortgage industry has
ballooned to more than 50,000 mortgage brokerage firms employing
more than 500,000 people. Choosing a high-quality mortgage broker
for home purchase, construction or refinance transactions is now
more challenging than ever.
Here are a few of the criteria that Goldline Research uses when
evaluating a dependable Mortgage Broker:
- The number of years of experience
- The range of products offered (e.g. FHA, Prime, Sub-prime, Alt-A, Reverse)
- The amount of total loans funded during the last 12 months
- The amount of total loans funded during firm’s history
- Delinquency/foreclosure rates, if applicable
- The number of active lenders that the firm works with
- The number of total staff
- The number of loan processors
- The number of loan officers
- The average years of experience for loan officers
- Advanced certifications and/or training
- Licensing (local, state, federal), if applicable
- Geographic service area
- The quality of client references
- A review of any outstanding lawsuits, grievances and/or complaints against the firm/professional
- The firm’s/professional’s key differentiators