Colorado Home Loan: DORA Should Be Your First Step!

Here is today’s Parker Mortgage Tip.  I want to further explain why you should check with DORA as your first step in your mortgage Parker Colorado home loan process.   Don’t start with the Better Business Bureau (BBB) for selecting one of the Colorado Mortgage Brokers to help you get a Parker mortgage. 

• The BBB is a great resource for checking out a business, but it isn’t appropriate when it come deciding who you should trust to do your Parker mortgage.  Since DORA is responsible for overseeing the real estate industry professions, they are a much better source.  They license and develop the standards and enforce these standards for appraisers, real estate agents, and Colorado mortgage brokers.  DORA, not the BBB, has the detailed information you need to start your Parker mortgage or Colorado home loan process. 

• The Better Business Bureau reports at the company level.  You won’t be able to get any information on their individual employees.  If you want to find out about Colorado mortgage brokers qualifications, you have to check with DORA.   Remember their website where you can quickly determine whether your Parker mortgage broker is licensed.   Don’t take a shortcut and skip this first step.    

• The BBB can give a high rating without knowing whether the individual helping you with your Parker mortgage is any good.  We all know that there are good and bad employees in every company.  It is no different with Parker mortgage companies.  DORA plainly and clearly posts denied Colorado mortgage brokers and information on the Colorado Mortgage Brokers who have or had disciplinary actions.  You got to have this vital information so can see if the Colorado mortgage brokers you are considering have a valid license.  If you do nothing else, please take time to research your Parker mortgage broker. 

I know that I’ve really been emphasizing using DORA to do your homework on selecting your Parker mortgage broker.  You can still use the local BBB to see if the Parker mortgage company has any complaints.  Take a moment and bookmark DORA’s website so you will have it handy when you start your Parker mortgage or Colorado home loan search.  http://www.dora.state.co.us/real-estate/index.htm.  

Tomorrow’s Parker Mortgage Tip will reveal whether you should get your Parker mortgage or Colorado home loan from a local bank/credit union or from a licensed Parker Mortgage Broker.