American Home Mortgage (AHM) was hammered last week and this week they are belly-up in the market. What does that mean "locally" in Hawaii? Twenty plus loan officers and support personnel are without work (income and benefits). This is a horrific situation locally and on the mainland. One of the negative outcomes is that some realtors are relinquishing good working relationships with loan officers that have zero responsibility about the current situation.
Lenders and loan officers are working harder than ever to serve their clients. Some clients that have been caught in the change over from one lender to another need to know it's like starting from scratch on every loan. The loan officers that are taking your deal to another lender have an incredible challenge, but they are working their buns off to make your deals work. This is an emotional as well as volatile time, but it can be resolved with understanding and patience.
Time for an extra dose of Aloha!
Good day, Linda