Wow!

We had a great Account Exec, and thought the BofA wholesale platform was strong and valuable.

If you are working with BofA, make note of the time lines below:

 

There is a message posted on the wholesale lending website outlining the time frames to close out your pipeline.  Below is an excerpt from the message that includes the key dates. 

Key dates:

·        No new applications via the Wholesale Lending website will be accepted after close of business today, Tuesday, October 5.

·        All application packages must be submitted and received electronically by the close of business, Friday, October 15.

·        Pipeline applications must fund by Wednesday, December 1.

·        Locks will be accepted through the close of business, Wednesday, October 13.

o       All locks during this time frame must be 45 days or less in duration.

o       The normal extension, relock and renegotiation policies will apply, but will not be allowed to extend the original duration beyond December 1.

o       All floating loans as of Thursday, October 14 will be considered canceled.

·        Access to the Wholesale Lending Web Site (WLWS) will be terminated Wednesday, December 1.

·        DO sponsorship accounts for Bank of America Brokers will be terminated Wednesday, December 1.

 

Best of luck!

Sean Wheelan
Division Manager
The Mortgage Group, Ltd
401-965-9384 Cell
SWheelan@TMGLtd.biz Email
www.TheFriendlyNeighborhoodMortgageGuy.com Web Site
508-276-0171 Fax

 

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Sean Wheelan

Warwick, RI

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Qivana

Address: 1287 Post Rd, Warwick, RI, 02888

Cell Phone: (401) 965-9384

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Thoughts and ideas surrounding real estate financing, FSBO Advertising and Networking to increase referral business.



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