5 Working Days From Application To Loan Docs- WOW !!!

By
Real Estate Agent with Keller Williams Group One, Inc.

WOW- Is all I can say. Here's the full story. Our buyer decided to go with a large national lender for her loan instead of a local lender I had suggested. Well 50+ days later and a missed contract close date my buyer called and said we need to have a plan B in case my lender can't get it done. I made a call to our favorite local lender- Debbie Secord @ Prime Lending Reno. Last Wednesday 7/21 she took the application over the phone from our out of state buyer, had to order a new appraisal and put a rush on it to try and get it closed. So the appraiser met me out at the property Thursday ( yes, the next day !) and our lender had it back in her hands Friday around lunch. The loan is now fully approved ( at a better rate) and loan docs will be to escrow today ( 7/27). There are still some GREAT lenders out there even in today's crazy market !! If you don't have a great lender business partner, GET ONE. Our buyer is over the moon, the sellers are thrilled it will finally close and we are extremely grateful for a wonderful loan officer.

Comments (5)

John Taylor
Blu Skyy Realty - Virginia Beach, VA

Nice!

Jul 27, 2010 10:19 AM
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

That is a great story. I love to hear the sound of success!

Jul 27, 2010 10:20 AM
Deborah "Dee Dee" Garvin
C2 Financial - San Diego, CA
C2 Financial

Mike and Belinda,  The real key is the CONTROL the loan officer has over the process.  In house, In house, In house........and I know I can make it happen.  Congrats on your closing!

Jul 27, 2010 10:25 AM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Excellent point. That's why it's so important to cultivate your professional associations and guard them with your life!  I've been saved more than once by being able to call on a tried and true professional. 

Jul 27, 2010 10:26 AM
Jennifer Archambeault
Cardani Group, REALTORS® - Austin Texas - Austin, TX
An Austin Texas Realtor

This is how I found my local favorite lender.  They picked up the pieces when the big box bank dropped the ball. 

Jul 27, 2010 10:48 AM