Do you shop lenders every deal or stick with one?

[Adam Webb]

I decided to shop rates and terms this last deal.  I found that there were indeed cheaper lenders with better terms than the lender I had been using but I might lose this deal due to the extra time created from shopping, needing to meet different requirements, inefficiencies with working with a new lender, etc.  It just got me curious.

Do you guys just stick with one lender for all your deals or do you bid out every loan?  Also is the process different for different “types” of lenders?  It seemed like I needed waaaaaay more LOE’s and documents with this new lender.  Thanks!