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Freaky Friday: A conversation with a Big Box Bankmart Loan Officer..

Over the past couple of months, I have written some scathing blogs about the big banks (Big Box Bankmarts) and their inability to fund loans in a sane, reasonable and timely manner. I’ve had loans stalled, delayed and otherwise mired in underwriting for months on end for no apparent good reason.

Just the other day Chris Berg created a “movie” using XtraNormal about Big banks and foreclosure sales. If you want a good laugh – you should take a look. This inspired me to try my hand at an XtraNormal video creating my own diatribe on the big banks regarding plain vanilla 30-year loans. I admit that my dialogue can not match Chris Berg’s but the sentiment is the same.

Enjoy the video and have a great weekend.

Further Reading:

Vote with your feet: Just say “NO” to Big-Box Bankmarts!

No! It’s NOT OK! 90-120 day escrows and endless closing delays are NOT acceptable.

Why Recommending A DIRECT LENDER Could Make You Choke on Your Coffee

Have We Kicked Mortgage Brokers to the Curb Too Soon? Why Mortgage Brokers Will Survive

Original Post: http://thewestchesterview.com

Freaky Friday: A conversation with a Big Box Bankmart Loan Officer..

Posted by Ruthmarie Hicks on 10/09/2009 03:01 AM

Comments (8)

Big Box Bankmarts in the Mortgage / Finance Channel

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Originally posted at: Ruthmarie's Blog: Freaky Friday: A conversation with a Big Box Bankmart Loan Officer..

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8 Comments on Freaky Friday: A conversation with a Big Box Bankmart Loan Officer..

OCT

The video did not load into my computer. I hope it is not my computer!

Hi Dave,

Did you try the link? in the text. The video on that is from the same company? I'm curious as to what you would get.

The video did not load for me either, it is blank. when I click the link above it loads.

OCT

Hi Ruthmarie! It loads now, funny... we need a good laugh as often as possible these days, thanks!

OCT

I share your frustration with large banks. I don't know of an easy solution- smaller brokers are getting squeezed and legislated out of the market, and monolithic institutions are behind in staffing for the demand in all of their departments. Worse, their shenanigans with appraisals has caused draconian appraisal regulations in which the cure is worse than the malady.

Hi Philip,

The difficulty is that if the smaller fry get squeezed out, the public won't have a choice. The last thing we need is a small handful of large banks dictating the fate of the entire housing market. They WANT domination and they are playing a very nasty game with the public dollar. It's nothing short of disgusting.

OCT

This is great! I love this! I am going to have to reblog!

OCT

Hi Dan - Glad you liked it...Thanks for the reblog!

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