Trying new things can be scary. But as a broker, working with an alternative lender doesn’t have to one of them. You don’t have to be afraid to ask your lender for help.
If you’re new to mortgage brokering, or just new to doing alternative deals, you may feel unsure of the process and requirements.
Don’t worry, you’re not alone. New brokers are entering the business on a regular basis, and we work with them all of the time.
We want to see you succeed! Your wins are our wins.
So, rather than fumble through, one of the best things you can do is ask the lender for help up front. Let them know it’s your first deal or even if you’re just a bit rusty. If we as lenders know that you’re unfamiliar with the process, we can help you understand not only what we’re doing but why we’re doing it.
For the broker, it can often feel like a steep learning curve. But not to worry because for us as lenders, we see the benefits of establishing a relationship with brokers so that they’re comfortable working and dealing with us. Even if the file brings some new situations or challenges that the broker or the lender has never seen before, we’re happy to work through it together.
It really is a win-win for the broker and the lender.