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Updated almost 7 years ago,
THE WORST CLIENTS FOR A MORTGAGE BROKER ARE...
As a Florida Mortgage Broker, I can say that hands down, and other Mortgage Brokers these days will agree, the worst borrowers are:
1. Prior Mortgage Brokers
2. Current and prior Realtors
Why Prior Mortgage Brokers? Because they have just enough irrelevant and inaccurate knowledge of a time that no longer exists to cause non-stop issues from start to finish...and like a parrot, constantly remind you that they used to be in the business.
Why Realtors? Besides being the most uncooperative borrowers they have just enough sporadic knowledge about mortgages to cause non-stop issues from start to finish.
With a few exceptions, you can count on any deal you take on for these two is going to be a 5 times as hard as they argue with you the entire way and saying...."that's not how I used to do it when I was in the business!"