Finding and evaluating private lending mortgage brokers

[Alex Sinunu]

I posted the other day that I am new to private lending in California. My first few deals will be smaller and possibly second position. 

For those of you that work WITH private lending brokers, do you have tips on how to evaluate mortgage brokers? My goal is to work with best brokers on these smaller deals. 

Thanks, 

Alex

[Robin Simon]

Quote from @Alex Sinunu:

I posted the other day that I am new to private lending in California. My first few deals will be smaller and possibly second position. 

For those of you that work WITH private lending brokers, do you have tips on how to evaluate mortgage brokers? My goal is to work with best brokers on these smaller deals. 

Thanks, 

Alex

 I would look to track record and solid digital Prescence, good website, solid record of online reviews, etc.

One thing to note is that it is going to be tough "breaking in" with the top mortgage brokers, because by definition of being top brokers, they probably have a good track record, experience and relationships with a lot of lenders - so its typically high risk low reward adding a new lender or one without a long track record to the list.  To really break in with top brokers, you may honestly have to take on some of the "worst" deals and not make much money on the first few to get established