TOP TEN Hints #snmc Mortgage Was a Disaster Brewing 10 ~ The mortgage brokers most used ending quote was ... Trust me, its how it works. Youre gonna get this loan. Promise. 9 ~ Processing agent told me she couldnt piece meal it to underwriting and meanwhile, she can pester me last minute 20X per day ... and thats not a problem. 8 ~ You are told 36 hours before the original closing date, This may not close on time. Dont want you scheduling movers yet.. Are you joking? Movers, hell, Im totally packed, and movers were booked a month ago. 7 ~ Processing calls you for a 3-year lease history, with all NEW signatures from all prior landlords, and this only 3 days before closing. 6 ~ Big local boss isnt notified of any delay until only one day before the original closing, and only after customer asked to speak with the big boss due to mounting delays and last-minute requests. 5 ~ Broker promised to reimburse all extensions costs, but failed to clarify that was only if she closed the loan. Well hell, thats why were in this mess to start with. Oy. 4 ~ Broker only places the loan to fund with one institution, Wells Fargo and, well ... we all fargo how that goes. And its only downhill with no backup plan. 3 ~ The mortgage brokers most used ending quote was ... Trust me, its how it works. Youre gonna get this loan. Promise!!!. 2 ~ The big boss apologized profusely, and admitted they dont do that many jumbo loans. Small detail omitted from the many pitch-for-the-business conversations with friendly mortgage broker. 1 ~ This isnt the first time that this broker has failed to deliver a loan that youre aware, several in fact. But all the excuses for those questions asked had answers that seemed reasonable (excuses) at the time. Beware what your eyes and ears miss then, when youre only committed to one result. And there you have it folks, the TOP TEN Hints That Your Mortgage Broker is Crashing! #securitynationalmortgagecompany #worstmortgagecompanyever #realestateagentsbeware #texasmortgageassociation #slimymortagecompany
Posted on: Sun, 28 Sep 2014 23:51:59 +0000
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