BANK OR MORTGAGE COMPANY...WHEN YOU SEE THESE TWO TYPES OF LENDING INSTITUTIONS DO YOU SEE ONE BETTER THAN THE OTHER? IF SO WHY? I AM WITH THE CENTURY MORTGAGE COMPANY AND WE HAVE A DIVISION THAT IS CENTURY LENDING WHERE WE UNDERWRITE OUR LOANS IN HOUSE. WHEN I THINK OF A BANK I THINK OF CHECKING AND SAVINGS, WHEN I THINK OF A HOME LOAN I THINK OF A MORTGAGE HENCE MORTGAGE COMPANY. 

A LOT OF CONSUMERS HAVE EITHER BEEN INVOLVED IN OR HEARD HORROR STORIES ABOUT MORTGAGE BROKERS...EXAMPLE

A REALTOR CALLED ME RECENTLY NEEDING HELP WITH A CLIENTS LOAN THAT HAD BEEN ON HOLD FOR ALMOST 60 DAYS GETTING PROMISE AFTER PROMISE THEY WERE GOING TO CLOSE SOON. I RAN THE LOAN THROUGH MY BANK AND SINCE APPRAISAL WAS ALREADY DONE IT TOOK US 3 BUSINESS DAYS TO UNDERWRITE AND CLOSE ON THIS FHA LOAN. THE OTHER LOAN OFFICER HAD ALMOST TAKEN ALL THE HOPE OUT OF THESE CLIENTS AND SELLERS. HE ALSO TOOK CASH FROM THE BUYER FOR THE APPRAISAL IN EXCESS OF $100 FROM WHAT IT WAS ON INVOICE ONCE I HAD IT TRANSFERRED. IT TOOK OUR ATTORNEY SENDING A RUNNER OVER TO THIS COMPANIES OFFICE TO PICK UP THE $100 CHECK TO FINALLY GET IT IN THE BORROWERS HANDS AGAIN.

WHEN WILL THOSE WHOM DON'T KNOW WHAT THEY ARE DOING CHECK OUT OF THE BUSINESS? BEFORE OR AFTER THEY RUIN IT FOR THE REST OF US?

 I SEEM TO GET THESE CALLS A LOT ANYMORE WHERE THE SITUATION IS LAST MINUTE AND EVERYONE IS DESPARATE TO CLOSE ASAP...HOW DO THE BAD EGGS KEEP HATCHING?