A mortgage broker applies to a pool of lenders on your behalf to help you obtain financing for a home purchase and guides you throughout the loan process. A broker steers you, although the mortgage application process is complicated. Finding a broker is not difficult, but on account of the importance and complexity of the home mortgage process, you want to find a broker who will meet your needs and help you find a loan in a competent and professional manner.
Contact local real estate agencies. Request a listing of mortgage broker recommendations. Real estate agencies have listings of mortgage brokers who provided good service to the clients of the agency. Ask your real estate agent for broker recommendations if you are employing an agent.
Write down the titles of those mortgage brokers you are considering from the agency listing. Look for brokers locally. As you move, keep the list handy for reference.
Check the official website of California Department of Corporations and the California Department of Real Estate. Both divisions deal with the licensing of brokers in California. Verify the brokers you are considering with the permit check attribute on the official websites to guarantee the brokers have legal licenses. Look for licensed brokers on the official site to find applicants. Eliminate any broker.
Contact the trade association for mortgage brokers in California. A trade association is an organization dedicated to qualify and service in a specific profession. Trade institutions require members have proper certifications and adhere to the professional ethics of the transaction. Use the search on the official site of the California Association of Mortgage Brokers to find brokers that are members. Compare your broker listing to the member list to find out whether a broker you are interested in is a member of the association. Your candidates ought to be the brokers that are in the trade association and licensed.
Contact the mortgage brokers remaining on your listing in your town. Schedule an appointment with each broker. Ask each broker any questions and allow the broker. Pick the broker you’ve got confidence in and with whom you feel comfortable.