We just received a draw for one of my clients in five days including a weekend... that is 3 working days... that is fantastic for Wells Fargo... You rock. Whatever you are doing, keep it up. We in the 203k consulting and lending world appreciate your fine efforts in getting on top of that situation. We know you were hit hard and had to respond and you have... We are proud of you.
Last week I had a call from a Wells Fargo loan originator who told me they were now able to close them much faster than a month ago... it is now 35-45 days again... that is very reasonable in this market. Fantastic new when coupled with the news I just got a moment ago from my client who received his draw check in record time.
This post was originally from October of 2009.
I felt I had to update this when the other day doing another draw with Wells Fargo Home Mortgage I tuned in the papework on Friday about noon and received our checks on Monday... that has to be another record. Wells Fargo has the fastest on the draw on the West Coast. Great Job Team...
Contractors doing 203k work need to know who pays the fastest as they need their cash flow like all of us do. Wells Fargo has everyone beat without a doubt.