After 25 years and counting I still get this question, "Do I need a mortgage broker?" or, "I want to work directly with a lender." The answers are easy, "1 - Yes, 2 - No you don't."
Now the why:
You could do your own plumbing, and taxes, put on a new roof, and even do legal work, but why don’t you? Because using a trusted proven professional saves you time, money, and hard life lessons.
A full-service commercial mortgage brokerage moves a loan from start to finish and is involved in every facet of the transaction. It is specialized expertise that only comes from years of closing loans. There are many individual parties involved in every commercial loan transaction. Each party with a specific function and skill set.
It is the full-service brokerage that acts as the quarterback moving the ball down the field knowing every inch of the loan file and can act fast and efficiently when problems arise 99% of every deal. Knowing a lender is only 5% of any transaction. Having a team that can close is 100% of a transaction. You can do your own taxes, be your own lawyer and do your own plumbing, but why don’t you? Having a trained professional by your side on what are typically the largest financial transactions in anyone’s life is not only prudent and good business, but vital for success.
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