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Replies (12)
- Paul Mondello, "Paul Mondello"
- Contributions:2097
CarolineLu
Your mortgage guy might become a little more responsive once he gets the Purchase Contract in hand, and also will be able to quote a lockable rate more accurately having a specific address to attach to it. If a pre-approval letter was written for you, you are probaly good to go, but not quite a warm fuzzy feeling going on, understood. Have your RE Agent give the MG a call or 5 for an update, as it is their job.
"Um hi Mortgage Guy, this is RE Agent Guy, just want to make sure we are good to go with CarolinLu... (?)"
If you continue to get the cold shoulder click here.
Wishing you well with the new home.
- Andrew Adams, "203K Specialist"
- Contributions:9349
It's not unethical...No reason it shoudl take 2 days for a return call!
- Norm D Plume, "America Needs Nixon!"
- Contributions:1670
3 weeks ago new regs and processes rolled out. first major overhaul since TILA. Brokers are still trying to get it right , and I don't mean that to be dispraging; but each bank may have it's own twist on it and the broker has to get up to speed with each. This learning curve is probably slowing down response time for a while.
- Donna Schilling, "descrs"
- Contributions:20
There is no reason it should take your loan officer two days to contact you. You are not locked in to this loan officer especially since he
- Cameron Foster, "Cameron The Prop Net"
- Contributions:37
No it's not 'unethical'!!!! He has a duty to you, and if he's not fulfulling that duty, then drop him!!!
If you went to a restaraunt and they didn't take your order for 2 days...it wouldn't be unethical for you to get up and go to a more responsive restaurant....
If you went to a restaraunt and they didn't take your order for 2 days...it wouldn't be unethical for you to get up and go to a more responsive restaurant....
- Norm D Plume, "America Needs Nixon!"
- Contributions:1670
of course the same rules apply if your real estate agent doesn't call you back in 2 days.
- Doug Hutchins, "90 day rate locks"
- Contributions:721
Norm is right about the new regs and disclosures. Lenders do not want ANY docs going out the door with an error on the GFE (to the low side) because they're on the hook for anything more than a 10% divergence. So yes there are reasons why the guy might be a little backed up.
He also doesn't get PAID unless he closes your loan, so he probably wants this done as much as you do.
He also doesn't get PAID unless he closes your loan, so he probably wants this done as much as you do.
- Norm D Plume, "America Needs Nixon!"
- Contributions:1670
There is no reason it should take your loan officer two days to contact you.
Please refer back to the BIG reason I posted on why it may take a while. (along with Doug's further details).
It's not the same as with the real estate agent trying to remember to call you durinig lunch break from their daytime job.
Please refer back to the BIG reason I posted on why it may take a while. (along with Doug's further details).
It's not the same as with the real estate agent trying to remember to call you durinig lunch break from their daytime job.
- Johnny James, "Palmdale Mortgage"
- Contributions:406
Reply time should be within 24 hours under regular circumstances. But even the mortgage guy can get sick, have an emergency, or take a break.
same thing happened to my clients right around the holidays. we went into contract and the mortgage person was MIA.
They used another from the same bank and we closed 1st week in January.
It just goes to show that the right mortgage person is the key to a successful close.
we never heard back from the first guy.
They used another from the same bank and we closed 1st week in January.
It just goes to show that the right mortgage person is the key to a successful close.
we never heard back from the first guy.
- Doug Hutchins, "90 day rate locks"
- Contributions:721
Meanwhile...I have a closing that is being put off by a week b/c the attorney will be away....yes---on vacation and "it is too inconvenient to close the loan before he leaves because he's too busy". Heaven and Earth will stand still and all will wait until the attorney gets back with his winter tan so we can close.
Heaven forbid the mortgage guy was on his honeymoon.
This is why I answer my cell phone in Disney, or any other place in the Western Hemisphere. Because if I don't...my reputation takes a hit.
Phyllis...check the obituaries...the first mortgage guy may have has the best excuse ever for not getting back to you.
Heaven forbid the mortgage guy was on his honeymoon.
This is why I answer my cell phone in Disney, or any other place in the Western Hemisphere. Because if I don't...my reputation takes a hit.
Phyllis...check the obituaries...the first mortgage guy may have has the best excuse ever for not getting back to you.
- Caroline Lu, "CarolineLu"
- Contributions:15
Thanks everyone for your input. So this Monday my husband called the mortgage company again and talked to the boss. His explanation was his staff messed up our informaton and he wanted my husband to repeat what we wanted... We gave them till the end of this week. See if they'll wake up.
Is it unethical to ditch an unresponsive broker?
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- 0.0/5.0
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