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GMFS

Posted on 10/4/16 at 12:26 pm
Posted by btnetigers
South Louisiana
Member since Aug 2015
2251 posts
Posted on 10/4/16 at 12:26 pm
Anyone have experience in dealing with GMFS? I'm building a home and my construction loan is with a local bank, but I plan on rolling my permanent home loan over to GMFS. Are they easy/difficult to work with? Any opinions....
Posted by TigerSaint1
Member since Apr 2014
1479 posts
Posted on 10/4/16 at 1:03 pm to
I've dealt with them before and everything went fine. But you will probably end up paying two closing cost when you didn't have to.
This post was edited on 10/4/16 at 1:25 pm
Posted by hawkeye007
Member since Feb 2010
5854 posts
Posted on 10/4/16 at 1:38 pm to
why not build with a bank that does one time closings that way you don't pay closing cost twice. this is a total plug for the whitney bank one time close production loans
Posted by SouthOfSouth
Baton Rouge
Member since Jun 2008
43456 posts
Posted on 10/4/16 at 1:48 pm to
I refi'd with them a year or so ago and it was one of the easiest things Ive ever done. Super easy and their online payment stuff is easy to deal with. Would definitely recommend.
Posted by Motorboat
At the camp
Member since Oct 2007
22685 posts
Posted on 10/4/16 at 2:01 pm to
quote:

Any opinions....


Yes. they are changing lives.
Posted by lilsnappa
Red Stick
Member since Mar 2006
1794 posts
Posted on 10/4/16 at 3:22 pm to
quote:

changing lives.


Beat me to it
Posted by LNCHBOX
70448
Member since Jun 2009
84124 posts
Posted on 10/4/16 at 5:05 pm to
Only have experience with purchase, and subsequent refi to a lower rate on the same property, but they've been great to deal with for me. I would highly recommend them. While looking at homes, my broker offered to cover a $700 difference between the seller and I to make a deal happen. We didn't end up in that house, but I appreciated the gesture.
Posted by GFunk
Denham Springs
Member since Feb 2011
14966 posts
Posted on 10/4/16 at 10:55 pm to
Had a GMFS loan officer there take me to lunch to go over stips on a loan for a spec house for my wife and I we had decided to buy. At least that's what I thought he took me to lunch for.

Instead he pitched me a multi level marketing supplement called Protandim.

Between that and the fact that he and the realtor actively hid the fact that the Elevation Certificate had been issued and indicated the home was built below BFE...I walked.

Others have had better experiences.

GMFS is UC Lending. When the latter ran into the ground in the late 90's, the former rose out of the ashes. They've been successful.

This post was edited on 10/4/16 at 10:57 pm
Posted by TigerSaint1
Member since Apr 2014
1479 posts
Posted on 10/5/16 at 8:10 am to
UC as in United Companies? There are a lot of guys from UC that's now with GMFS, including Brown.
Posted by jeffsdad
Member since Mar 2007
21438 posts
Posted on 10/5/16 at 2:33 pm to
they are good unless you have something happen and have to use home owners insurance. they will only pay in 25 % increments and have inspections in-between. horrible in that case.
Posted by GFunk
Denham Springs
Member since Feb 2011
14966 posts
Posted on 10/6/16 at 5:39 pm to
quote:


UC as in United Companies? There are a lot of guys from UC that's now with GMFS, including Brown.
quote:

TigerSaint1


Yes. Yes.
Posted by FishinTygah84
LA
Member since Dec 2013
1976 posts
Posted on 10/7/16 at 9:31 am to
Call Stephanie Chenevert at GMFS. Dealt with her several times and she is legit. She is one of their top loan officers.
Posted by MNCscripper
St. George
Member since Jan 2004
11709 posts
Posted on 10/9/16 at 9:33 am to
I refi'ed with them, dealt with Grant Faul. Not as responsive as I would prefer.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75219 posts
Posted on 10/10/16 at 7:22 pm to
Anyone done a loan modification with GMFS?
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