For Richmond real estate agents: what your buyers get with me
Underwriting-ready pre-approvals, a Mortgage Update at every milestone, and bad news by phone before anyone else hears it.
Tyler Rood, Loan Officer, NMLS ID # 2064776
- Originating loans since 2020
- Rated 4.98 out of 5 in 94 client reviews on Experience.com
- Call or text (804) 617-6830
If you’ve been looking for a Richmond lender to trust with your buyers, you’ve probably worked with the other kind: the one who goes quiet after the letter, calls your coordinator instead of you, or lets you hear about a slipped closing from the listing side. I’m a loan officer at a licensed mortgage brokerage in the Richmond and Chesterfield area, and everything in this section is about one thing: how your buyers are treated.
My standard is my tagline, Your Worth Is Your Word. If I tell you something about a file, you can take it to your client. A pre-approval from me means the file was documented for underwriting before the letter went out. Within 24 hours of a ratified contract, my standard is to have the rate locked with the buyer’s OK, the disclosures out, the appraisal and title ordered and the file in underwriting. Every milestone gets a Mortgage Update to every party, and you hear news first, with bad news by phone. Here is what a Mortgage Update looks like.
Start with how I work with agents and their buyers, then what stands behind my pre-approval letters. If you’re structuring an offer, the credit versus price cut math is on financing moves that win offers. If another lender just told your buyer no, read the second look.
I don’t ask anyone to drop a lender they trust. If you already have one, I’m glad to be the backup you know.
Start here
Verified pre-approvals, a Mortgage Update at every milestone, and bad news by phone before anyone else.
A pre-approval letter for a mortgage is only as good as the file behind it: each line on my letters, what I verify before an offer and what agents can ask.
Structuring the offer
A seller-paid buydown or credit usually does more for your buyer than the same money off the price. Realtor math, program caps, and when the gap play fits.
Why a seller credit often beats a price cut, program caps, and what to settle before the appraisal.
Each year’s payment and what a 2-1, 3-2-1 or 1-0 temporary buydown costs the seller, plus the full payment you qualify at.
Size the loan for a low appraisal so your payment holds and your cash stays inside one budget.
When a file is in trouble
A denied mortgage is often one lender’s answer, not the final one. How a second opinion works, what to send me, and the honest limits of a second look.
Lenders lend on the lower of price or value, so the seller cuts the price, you split the gap or bring cash. What to do, in order.
The mortgage underwriting process checks your income, assets, credit and the property against program rules, then moves from conditions to clear to close.
Worth sending to your buyers
One is an estimate, the other verifies your income, credit and savings. What gets checked and how long it lasts.
Once under contract, I typically close in 30 days or less. The home buying process in Virginia, step by step.
Cash to close is your down payment, closing costs, prepaids and escrow, minus credits. How much cash you need to close on a house, with a Virginia example.
No new credit, no car, no job change without a call, no deposits you can’t document, and how to confirm a wire.
Working with a buyer right now?
Start a group text with your buyer and me on it, or text me the scenario first. You’ll get a straight answer from me, not a call center.
Call or text (804) 617-6830