Brokerage Companies: Size Does Matter!

Working with a mortgage broker at a large brokerage can be a great thing. Take a look at these big brokerage perks.
By: Tara-Nicholle Nelson

Most mortgage brokers work under the auspices of a brokerage company, with which they share their commissions in exchange for access to lenders, office space, etc. If your mortgage broker works for a very large and very reputable company, you might get some perks in terms of (1) the competitiveness of your offer (listing agents know which pre-approval letters mean what they say, and which ones mean nothing, in part by the letterhead on the paper) and (2) the responsiveness of the lender (my favorite mortgage broker’s company does more loans with one blue-chip bank than any other brokerage -- so when she calls the lender, they listen and respond quickly). These perks can translate into getting your purchase DONE, and done on time, so working with a broker at a large brokerage can be a great thing. 

Next Up

Green Building Programs for Projects of Any Size

Go forward by doing your environmental certification homework.

'Last-to-Go' Box Checklist

After a long day of moving, the last thing you'll feel like doing is rooting through boxes to find your toothbrush. Pack these items into a "special box" that stays with you on moving day.

Give Your Credit Score a Not-So-Extreme Makeover

No matter what your numbers are, they can almost always be better. Improve your credit score with these quick financial fixes.

Foreclosure Tricks and Treats

Navigating today’s housing market is like trick-or-treating on Halloween. Treats are in large supply, but tricks lurk around every corner.

10 Things Every New Homebuyer Needs to Know

Never bought a house before? These tips will help you better understand the homebuying process.

10 Steps to Eleventh-Hour Organization

Use this last-minute moving checklist to make sure you don't forget anything on the big day.

Anti-Checklist: What Not to Do Until You Close Escrow

Take a list of things to avoid before you close on your new house.

Anti-Checklist: What Not to Do When You're Making an Offer or Negotiating

Don't even bother trying to justify a lowball offer. (Believe me, the seller and their agent were well aware that there's an electric tower in the backyard when they set the asking price.) Avoid these buyer faux pas when offering on a house.

Buy What You Need, Not What You Want

Make a list of your ideal home and stick to it while house hunting.

Brokers, Lenders and Points, Oh My!

Brokers can be the used car salesman of the mortgage world because they get a cut of the amount you borrow.

Shop This Look

Found a living space you love in HGTV's Photo Library? Get the look in your own home with products from Wayfair.

Follow Us Everywhere

Join the party! Don't miss HGTV in your favorite social media feeds.