William Feela, Realtor, Whispering Pines Realty 651-674-5999 No.  (WHISPERING PINES REALTY)

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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Educate.  Educate.

Jul 06, 2015 07:51 AM
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Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

We use mortgage brokers and they are all over the place.  If they get the money then so be it.  I'm not going to tell them to stay local in this era.  No local banks here.

Jul 06, 2015 06:10 AM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

It really depends on who the on line lender is.  I have had some very successful closings with some and there is one I highly recommend.

Jul 06, 2015 03:12 PM
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I do recommend to buyers to use a local lender as the underwriters understand the way things are handled around here. 

Jul 06, 2015 01:39 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

William Feela - I do share pluses and minuses of Internet lender and mostly they know the benefit of working with a local lender. Happened once when buyer ended up closing late by a month and had many issues in getting mortgage commitment.

Jul 06, 2015 01:35 PM
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Eventually yes, but not before I meet them and see if we can work together.

Jul 06, 2015 01:12 PM
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Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

It depends. I'll get permission to speak with their loan officer. If they refuse, that's usually a good tip off the internet lender hasn't done much to pre-approve the buyer. I will also mention that they'll have a much better chance of getting an offer accepted if they have a solid pre-approval from a local / major lender.

Jul 06, 2015 11:14 AM
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Ed Macias
Real Estate Teammates - Miami, FL
Miami FL-REO Property Management Multifamily

No I just make sure it's legit

Jul 06, 2015 10:53 AM
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

William, it is important to educate the buyer.

Jul 06, 2015 08:14 AM
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

William Feela All you can do is try to educate them on the benefits for using a local lender. I worked a deal where the buyer, whom I did not represent go through two Internet lenders. This resulted in three 30 day extensions from my seller before using a local lender and closing.

Jul 06, 2015 06:41 AM
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Bob Force (REALTOR®)
Century 21 - Redwood Realty - Mount Airy, MD
The FORCE in Maryland Real Estate

I prefer a local banker/lender - one I can reach out and slap inthe fce if necessary.  I tell the buyer I will not submit a offer without a lender letter and geting one in a timely fashion may be a issue.

Jul 06, 2015 06:22 AM
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686,920
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker

If they ask my advice, I will give them a list of those I've worked with successfully. I would not force them to use anyone, or even discourage them out of their choice. Sounds to me like a liability issue.

Jul 06, 2015 06:15 AM
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I have had buyers close with eLoan without problems.

However, I always prefer a local lender who has a real plan B.

Jul 06, 2015 05:48 AM
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Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

Yes they need one of the lenders I have used not some internet banker who can not close a home in Ga.

Jul 06, 2015 05:31 AM