Beware of June 30th Closings - The System MayBe Overloaded

As we are approaching the final crunch time for the two tax credit programs, it is important to be aware of the limitations of banks.  Each bank has a finite number of people in its processing, underwriting and closing departments.  It stands to reason therefore that only so many approvals and closings can occur during a particular period of time.  If you have a loan scheduled for a June 30th closing, I suggest that you move the closing to an earlier date.  How would you like to be told on Monday June 28th that the bank cannot accommodate your closing until July 2nd because it simply does not have the capacity.  Your client would lose his/her credit and you could lose your deal.  I suggest you give yourself some leeway.