Wow!
We had a great Account Exec, and thought the BofA wholesale platform was strong and valuable.
If you are working with BofA, make note of the time lines below:
There is a message posted on the wholesale lending website outlining the time frames to close out your pipeline. Below is an excerpt from the message that includes the key dates.
Key dates:
· No new applications via the Wholesale Lending website will be accepted after close of business today, Tuesday, October 5.
· All application packages must be submitted and received electronically by the close of business, Friday, October 15.
· Pipeline applications must fund by Wednesday, December 1.
· Locks will be accepted through the close of business, Wednesday, October 13.
o All locks during this time frame must be 45 days or less in duration.
o The normal extension, relock and renegotiation policies will apply, but will not be allowed to extend the original duration beyond December 1.
o All floating loans as of Thursday, October 14 will be considered canceled.
· Access to the Wholesale Lending Web Site (WLWS) will be terminated Wednesday, December 1.
· DO sponsorship accounts for Bank of America Brokers will be terminated Wednesday, December 1.
Best of luck!
Sean Wheelan
Division Manager
The Mortgage Group, Ltd
401-965-9384 Cell
SWheelan@TMGLtd.biz Email
www.TheFriendlyNeighborhoodMortgageGuy.com Web Site
508-276-0171 Fax
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