Houston, Texas: According to Steve Jacobson, CEO of Fairway Independent Mortgage Banking Corp., Fairway Mortgage has completed our biggest funding month of 2010 - June funding 1,656 units on our Warehouse Line. Most important - all of Fairways' Home Buyer Tax Credit loans made it to the closing table and funded.
"Great job by the entire "network" from - Branches, Underwriter, Closers, and most of all the Wiring Department. The "network" truly worked together as a team to meet the deadlines for our customers - something a lot of Lenders did not accomplish."
In other news - Last night the Senate approved by unanimous consent HR 5569. This bill extends the authorization of the National Flood Insurance Program until September 30, 2010 and is retroactive to June 30, when the program had lapsed. The Senate also approved HR 5623 the Homebuyers Assistance and Improvement Act which extends the closing date for the Home Buyers tax credit through September 30, 2010. The President is expected to sign both of these bills.
If you have a client that has been "stuck" in Underwriting with their current Lender and the Lender has not responded to any requests for updates, and if you would like to see the home you are representing make it to funding, please do not hesitate to call us at (713) 528-0333.
Fairway Mortgage Banking Corp has a separate Purchase Division so that you will never get caught-up behind a refinance transaction - and we guarantee you will close on contract date - on time, on purpose with no surprises!
Your client only thinks about home financing a few times during their life - we think about it every single day. It's their home and their future. It's our profession and our passion. We're ready to work for you and your client's best interest.
We welcome your call to Fairway Mortgage Banking Corp in Houston, Texas at (713) 528-0333.
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