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Started By
Message
Mortgage Lenders and Real Estate attorneys are the laziest, most disorganized
Posted on 7/12/18 at 2:52 pm
Posted on 7/12/18 at 2:52 pm
mofos on the planet. Procrastinate for months, then panic and suddenly realize they're running out of time. We were ready weeks ago dumbass. Now you're going to accommodate our schedule.
This post was edited on 7/12/18 at 2:57 pm
13
Posted on 7/12/18 at 2:52 pm to Jim Rockford
GMFS changing lives
Posted on 7/12/18 at 2:53 pm to Jim Rockford
Cool
Posted on 7/12/18 at 2:57 pm to Jim Rockford
quote:
Mortgage Lenders and Real Estate attorneys are the laziest, most disorganized mofos on the planet.
...go on...
Posted on 7/12/18 at 2:58 pm to Jim Rockford
Dear Facebook...
Posted on 7/12/18 at 2:59 pm to Jim Rockford
God being a closing attorney would suck arse
Posted on 7/12/18 at 3:01 pm to Pettifogger
I agree 100% on the mortgage lenders. Good closing attorneys have good assistants working for them doing the real work.
Posted on 7/12/18 at 3:02 pm to Jim Rockford
Coming from the insurance side: frick them. We need this now now now. Oh this isn't correct fix it. frick them.
I am also waiting on a premium check from a closing 22 days ago. Again. frick them
I am also waiting on a premium check from a closing 22 days ago. Again. frick them
Posted on 7/12/18 at 3:03 pm to Buck Dancer
This. Find an attorney that runs his women!
Lenders suck. But I understand why they do.
Lenders suck. But I understand why they do.
Posted on 7/12/18 at 3:04 pm to Buck Dancer
It's honestly not that different from commercial, to be fair
100 junior VPs who have no fricking idea what they're doing trying to get their name in the conversation with 48 hours to closing on a deal in the works for months
"why don't we ask for ______"
Piss off kid
100 junior VPs who have no fricking idea what they're doing trying to get their name in the conversation with 48 hours to closing on a deal in the works for months
"why don't we ask for ______"
Piss off kid
Posted on 7/12/18 at 3:05 pm to Jim Rockford
Two professions that perhaps do the least amount of “work” possible.
Has anyone ever submitted documents to a mortgage lender just once? I swear they lose the shite and then instead of looking for it they just request I again.
Has anyone ever submitted documents to a mortgage lender just once? I swear they lose the shite and then instead of looking for it they just request I again.
Posted on 7/12/18 at 3:15 pm to Jim Rockford
Docs don't get drawn until the day before close. The smoothness of the close process is always dictated by those last 48 hrs regardless of how prepared everyone is leading up to it. I'm assuming that's what you're referring to?
Posted on 7/12/18 at 3:26 pm to atxfan
Do you have a corporate resolution? Can you email it to me? What about these liens? Are you sure they've been cancelled? I know you sent verification through regular mail, but it hasn't arrived yet, so can you Fed Ex it to us overnight?
This shite could have easily been taken care of a month ago. I have other shite to do now, and all this is going to the back of the line.
This shite could have easily been taken care of a month ago. I have other shite to do now, and all this is going to the back of the line.
Posted on 7/12/18 at 3:31 pm to Jim Rockford
Our lender straight killed it when we bought our current house. Had everything ready within like 3 weeks so we could close on the sale of our old house and the purchase of the new house on the same day.
Posted on 7/12/18 at 3:35 pm to Jim Rockford
I used to do this for a living. There’s value in using a good broker who is on a first name basis with the underwriter, processor, atty, etc. They can smooth over alot of bullshite.
Posted on 7/12/18 at 4:06 pm to Jim Rockford
When I got out of law school, I used to moonlight for a title attorney who closed loans . I can tell you that a lot of times the problems used to come up on the non conforming, sub prime loans.
It was not always the broker's fault. The company I did work for would require that the lender/ broker fax over a clear to close declaration at least a day before the close. The problem always came up that the person creating the closing documents would not get an OK to do the package
I've seen crazy stuff in a closing room. Saw a guy attack his loan officer over charging a fee that was not all that high. Saw a guy pay 6 pts on a 11% loan. Watched a woman who was told her loan was going to close and hen was told at the title office from the lender that they were reviewing the loan again.....she threw a phone attached to the wall down the hall and nailed one of the girls in the office . Participated in a sale where the buyer showed up with a shoebox of cash that had to be counted
Walked in on a buyer in the bathroom nailing his Realtor while his wife was sitting in the closing room and that was in just one year. I used to get a big kick out of doing it. Got my notary fee and half of the closing fee charged for doing it
It was not always the broker's fault. The company I did work for would require that the lender/ broker fax over a clear to close declaration at least a day before the close. The problem always came up that the person creating the closing documents would not get an OK to do the package
I've seen crazy stuff in a closing room. Saw a guy attack his loan officer over charging a fee that was not all that high. Saw a guy pay 6 pts on a 11% loan. Watched a woman who was told her loan was going to close and hen was told at the title office from the lender that they were reviewing the loan again.....she threw a phone attached to the wall down the hall and nailed one of the girls in the office . Participated in a sale where the buyer showed up with a shoebox of cash that had to be counted
Walked in on a buyer in the bathroom nailing his Realtor while his wife was sitting in the closing room and that was in just one year. I used to get a big kick out of doing it. Got my notary fee and half of the closing fee charged for doing it
Posted on 7/12/18 at 4:19 pm to KiwiHead
quote:
buyer in the bathroom nailing his Realtor
you know the drill...pics of realtor
Posted on 7/12/18 at 4:28 pm to CaptainsWafer
quote:
Our lender straight killed it when we bought our current house. Had everything ready within like 3 weeks so we could close on the sale of our old house and the purchase of the new house on the same day.
Same here. And BR Title was just as good.
OP probably forgot to submit something and now he wants to blame everyone else.
Posted on 7/12/18 at 4:29 pm to Jim Rockford
quote:
Jim Rockford
quote:
Do you have a corporate resolution? Can you email it to me? What about these liens? Are you sure they've been cancelled? I know you sent verification through regular mail, but it hasn't arrived yet, so can you Fed Ex it to us overnight?
This shite could have easily been taken care of a month ago. I have other shite to do now, and all this is going to the back of the line.
So is your closing. They'll get paid regardless. Whether the loan officer makes his 30% rip on the commission or he hits a pay tier and makes 50-60 instead.
Also...you sure you know how much time is left on your rate lock? The back of your line during this swinging dick impression may end up costing you for the foreseeable future by embedding said cock in your rectum by losing your pretty little interest rate when you have to relock...and you really don't think they're gonna eat that yield between the two rates without getting you back somewhere...right, Punkin?
They've gotta deal with their underwriters, an appraiser they can't even talk to, their processor, their title company, their closer, their abstractor, their attorney, their doc review department, their own in-house supervisory staff and management, potentially an account executive for the lender they're using, an insurance agent, potentially your banker or CPA, your spouse, their employers to get VOE's, oh and sometimes realtors on both sides who think they're the smartest human beings on the face of the Earth...
Not to mention they get to deal with you...
But yeah...I'm sure its totally the Lender's fault, bro.
This post was edited on 7/12/18 at 4:34 pm
Posted on 7/12/18 at 4:46 pm to GFunk
I'm the seller. Would be nice to unload this white elephant, but if I don't, another buyer will come along. I don't need the aggravation.
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