Short conversational YouTube interview (Steve D Valentine with a guest) advising consumers on how to interview lenders. Early exchange emphasizes the importance of geographic competency—making sure lenders understand and follow local/state guidelines rather than operating from out-of-state without local compliance.
What questions could a consumer, if they're talking to big box, if they're talking to you, if they're talking, what should their interview process be? What are they looking for?
That's a loaded question.
I know.
Well, I think geographic competency is important first and foremost.
Oh, you mean the lenders that do it from New Jersey and they don't follow our state guidelines.
But again, I mean, this is my hometown, it's my backyard. You know, there is just something about you and I talking and saying, hey, you know, go across 43rd and down to Union Hills and whatever, whatever, just you understand it. So I think that that is probably more important for a real estate agent than it is lending component, in my opinion. So just tell me how many, you know, transactions listings, you know, buy side, have you helped in this general area, you know, over the last year? Couple years, I think, getting that insight. And then they can be like, oh, you know, some sold this house even doing a drive by or you know, doing the testimonial from the buyer, the seller just really kind of understanding the scope of their knowledge and experience is important.
