Just an update to my rant yesterday about sucky internet lenders and Lending Tree.com.

At the advice of the listing agent, we used her favorite lender Darran Anthony from Suntrust.

My clients were given endless last minute excuses for 3 days, and come the closing day, the excuses continued. We did not close on the closing day. I can't remember one other closing that I have done, that didn't happen on time.

So we called Darran Anthony at 6pm. Got him all the necessary paperwork that night. Made a phone call at 9:15am, got another degree of confidence that he could do it (he did 3 same-day loans the day before). I dropped his name to the sellers closing agent and he said "oh if it is Darran, and he says it will happen, it will happen." At 12 I met the appraiser at the house. At 12:30 we got the "I'd put it at 95%" from Darran. With that we fired the "any minute now" Lending Tree lender.

We showed up for closing at Monarch Title (also a key ingredient for an immediate turn around) at 3:30 and my clients began signing at 3:45pm.

All during the most crazy week in Wall Street in decades. And I think they got a great rate (the Internet lender tacked on PMI at the last second)

So thanks Darran (not Darren, but Darran)
Frank Borges LL0SA- Broker FranklyRealty.com

 
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6 Comments on Loan rescued & closed in 6 hrs! Thanks Darran Anthony from Suntrust

SEP
19
2008
Frank, I think it's great to give a shout out to Darran over at Suntrust, however what are you thinking? I mean really, giving a shout out while driving a car and shooting a video at the same time, you should know better. But I am happy to know you ended the week on a positive note. Paul
7:16pm • #1
387,367 Points 23 Featured Posts Outside Blog
Nice tibute to the mortgage people. Even though you still have the camera on the steering whell and not on the dash board, it was not as spinning that the precious one, so it was good.
8:02pm • #2
19 Featured Posts

I've got it mounted to my steering wheel. It is part of my steering wheel cam.

10:37pm • #3
141,576 Points 8 Featured Posts Localism Sponsor Outside Blog Hit Router

Frank - great teamwork, that is fast!  I thought my 10 day replacement loan was pretty good.  Call Guiness!

11:00pm • #4
SEP
20
2008

First I gotta tell ya Frank, I nearly threw up every time you went around a corner but I stuck with your rant to the end. What you had to say was interesting because my sister was just looking to refinance a property she owns and her husband looked into Lending Tree and guess what?  Yep, after the initial quote further investigation revealed that it wouldn't be that price after all.  They wisely didn't pursue it after that.

9:25am • #5
425,257 Points 81 Featured Posts Localism Sponsor Outside Blog Hit Router

Wow, six hours!  That's quite a turnaround!  I'm going to bookmark this post in case I ever need a lender rescue so I'll know where to find Darran.

7:46pm • #6

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