Considering Rocket, SoFi, or other but our realtor is pushing for a traditional mortgage co. Anyone have any thoughts, best practices, etc.?
Many are just originators (like many banks). Realtors tend to like banks because there is often a specific person to talk to when (if) isht starts going sideways. I’ve used both. I prefer bankers if you will do this with some frequency. Otherwise it’s a coin toss.
I talked to rocket and traditional banks and got a better rate with traditional bank. Their incentive was to establish a relationship and manage other money. Mortgage was immediately sold off to 3rd party
Used Rocket for my last refi. Super easy to work with. No complaints. I think I got a bunch of quotes through nerd wallet and they were the most responsive and able to move fast.