If Berkeley Homes doesn’t make any money on the loan, why not just let buyers choose their own lender?
Buyers may choose their own lender; however, Berkeley Homes provides incentives to use a preferred lender for a number of reasons. Most of the lenders have worked with us for a long time and know how we run our business, so they have learned how to make the process run as smoothly as possible, which benefits everyone involved. This allows us to track the progress of multiple loans with just a few phone calls, and as a result, we get more accurate and timely information. This information helps us solve problems as they arise and ensures that deadlines are met, closings occur as planned, and move-in dates are not delayed.
