There is not a sign on the door that says 'CLOSED'. There is not a prohibition to use someone else. But, these days, a growing number of Real Estate offices are including space for a mortgage originator on the premises. There may [and SHOULD be] a separate entrance. And it may seem like it is separate. But these closely affiliated businesses may not be in your best interest as a home buyer. It may feel like you HAVE to use those services. But you DON'T! Especially if you already are working with a mortgage pro that you trust.
The inside guy may not have your interest at heart. He may be looking at the relationship with the Realtor first. And that is not a good thing. I avoided opening up offices within Realtor buildings for that very reason. To avoid the appearance of a conflict. Not to say that all loan officers with that type of setup are the same. But you should be very wary of those kinds of setups. RESPA prohibits certain practices such as steering and compensation for referrals. The reason is simple: it is not in the best interest of the consumer.
It is always good to get pre-approved before you even start shopping. And you may get referred by the loan officer to a Realtor. I usually knew the personalities and specialties of Realtors and suggested 2 or 3 based upon how I thought the agent and home buyer would work together. It doesn't always happen that way, of course. But, the important thing to remember is that YOU choose your lender.
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