Realtors- Would You Refer Buyers To A Lender Owned By A Real Estate Company?

The HartBeat for Realtors

Question for Realtors. Would You Refer Buyers To A Lender Owned By A Real Estate Company?

This question has been on my mind for the last several months as I watch another real estate company start up a mortgage company.

I don’t blame the real estate for doing it and it is perfectly legal. I do wonder if this affects the lender getting outside business from other Realtors.

Is a Century 21 Agent going to want to refer to a Lender that is owned by RE/MAX? Is a RE/MAX agent going to want to refer to a Lender owned by Keller Williams?

I know my answer would be “Never!”. Maybe I’m crazy. I would never refer insurance to a company called Wells Fargo Insurance or title work to Quicken Title. Not happening 😊

I would not trust them with my clients data and I don’t want to give them extra revenue.

I discuss this in the episode so I would be curious to know your thoughts on the subject.

Also, if you were working with a Loan Officer that is now with a Lender that is owned by a Real Estate Company, I have an entire team ready to help you out if want to explore other options.

I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!

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