Does anyone have experience with GPARENCY? Good value?
$16K to perform a full mortgage broker service seems cost-effective. I'm not sure the membership of $5K for access to their lender database and education is the best value.

Does anyone have experience with them? Does the run the deal service use the mortgage brokers at the founder's other company Eastern Union?
[{"id": "ivpo6nt", "text": "Hi mortgage broker here. Ira is a tremendously successful mortgage broker and no one can take that away. That being said, there is a very low barrier to entry for this business and that\u2019s highly exemplified with EU. They hire swarms of young untrained \u201cbrokers\u201d to solicit business and arrange financing. At the end of the day, this is a relationship business and you should work with someone who you feel has your best interests with a demonstrated track record, references, press and all the like. Note, there are definitely very experienced guys at EU but you need to find them. When Ira left EU, a lot of his best brokers left as well. Many lenders receive deal flow from unknown brokers at EU and tend to not spend time on it because the broker is so untrained and rough around the edges. Not trying to be mean just is what it is. \n\nAs far as Gparency, this is one of many firms trying to lower the cost of mortgage brokerage. Another one I know personally is called Stacksource and has been around much longer than Gparency. The traditional fee is 1% of the loan amount and is highly negotiable within reason. My professional opinion is that Gparency is a discount service for a discount fee. There is an option to work with a \u201cbroker\u201d for more money but again, what is his/her qualifications. Is this person just staff or a bonafide commercial real estate finance professional? The success based nature of a traditional brokers fee aligns the incentives of the broker with actually getting the loan closed unlike a flat fee earned for just showing you a couple options. \n\nIf you have a deal that is \u201ceasy\u201d to finance with not so many pitfalls and you want to just \u201csee\u201d the market and handle the back and forth yourself then give it a shot. I wouldn\u2019t work with them on anything difficult, structured, or something that requires a high degree of shepherding. Nor would I work with them on anything that you intend to negotiate heavily. I define easy as a deal &lt;65% LTV where you are just looking to refinance a maturing loan with good historicals, stable occupancy, and solid paperwork.", "replies": [{"id": "ivqdw29", "text": "For the last four years I was a commercial lender - they would send me deals. I\u2019m now a mortgage broker like u/deltahigh - I couldn\u2019t agree more with EVERYTHING delta had to say.", "replies": [], "depth": 2}], "depth": 1}]