National Consumer Studies in recent years have concluded that most home buyers and sellers would prefer a less cumbersome closing process with fewer or even just one entity to deal with. Although conceptually, this “one-stop shopping” appears to be desirable, there are at least two fundamental flaws that upon analysis, become evident:
A Single Provider is Typically Unable to Competently Deliver Different Types of Services
The “Packager” is usually comprised of or controlled by a national mortgage lender or real estate franchisor who has little knowledge of local laws or customs. The national brokerage may be adept at selling real estate, but their captive mortgage company (which may or may not carry the same name) does not always have the best LOCAL service, rates and costs. Real estate agents are often pressured into promoting the "in-house" company, even when they know it is not the best loan product for that particular client.
Inherent Conflicts of Interest
Home purchasers and sellers should realize that there is only one service provider whose fee is not dependent upon closing and whose advice and judgment is therefore not compromised. This independent advisor is their attorney who has a fiduciary duty only to the client. On occasion, it may not be in the client's best interests to proceed with a home purchase without at least some contract or loan modifications. Only an independent attorney, with sufficient LOCAL knowledge of conveyancing customs and current market conditions can effectively advise clients how to proceed without the sales or mortgage commission compromising their actions.
The Solution
Bring together the Local Areas most proficient, experienced and reputable Realtors, Attorneys, and Mortgage Lenders in one web site "package" and let Union Members pick and choose which independent service provider best fits their particular needs.
Participating Professionals
Although unionhomeclosings.com does not charge any fees
to participants and has an open enrollment policy for qualified service
providers, you will not find all realtors, attorneys or lenders listed.
We take great pride in that.