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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.

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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