What qualities should I look for in a lender?

[Kenan Karalic]

Hi everyone,

I am getting closer to purchasing my first property in the Utah market and would like some advice on what qualities I should seek in a lender? 

Also, I would like to clearly understand the difference between a private lender and a conventional lender. Is someone considered a private lender if they are not affiliated with a bank, but work for a mortage LLC company, or can they still be a conventional lender? How do I spot the diffrence?

I appreciate any advice!

Best,

Kenan