Not sure if anyone else has run into this issue but we are moving from Colorado and are buying a house in a rural town of 20,000 in the Sierra Nevada’s. We were using a Reputable National Mortgage company that had an office in Denver Colorado. So we thought we would be in good hands going to another market. Come to find out they could not secure an appraiser after 6 weeks. So we fired them in the middle of escrow and got a new local lender who got us an appraiser in 2 days and now we are closing the deal with no issues.
Our friend, a realtor in Denver, told us that he sees this all the time in Denver when people from out of state show up with non local vendors. According to him it can cause problems and delays just like with us. The realtors prefer local contacts since many times they have a personal working relationship with the lender. This back channel communication can give the seller a more secure feel about the offer since there is a “Personal Touch” to the whole thing. They also tend to have local loyal appraisers they work with where out of state groups call an agency for help.
In my experience during this crazy market if you are buying out of state ask your realtor for preferred local lenders list and shop that way. II wish we would have known that from the start we could have saved a lot of stress.