When you’re getting a mortgage to purchase a home, how is a Correspondent Lender different from a Mortgage Broker? How does that difference impact you as a home buyer – or as a home buyer’s real estate agent? 🤔

Key takeaways:

∙ A Correspondent lender takes an application, underwrites, processes, & funds the loan themselves
∙ Pros and cons of working with Correspondent Lenders vs. Mortgage Brokers
∙ Why a Correspondent lender can be more reliable for closing a deal 🤝

QUOTE:

“There's a major advantage to working with correspondent lender, because the correspondent lender has control of the underwriting…” – Dustin Brown

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