Hi all: Good morning! I was thinking about our business this morning and the fact that a deal isn't done until it funds. That's never more true than today.
With loans taking longer to do these days due to increased guidelines and backed up underwriting, it's always music to our ears when a loan funds. Not when it closes but when it funds. So far, I haven't had any serious issues with fundings although my processor might beg to differ.
What is imperative these days is to all work together to make it happen. From the loan officer to the realtor to the title and escrow closers (appraisers and inspectors I didn't leave you out!), it's a team effort. With loan originations still tough to close, we need to communicate.
So what are you seeing? Again, T.G.I.F. Thank God it Funded! Have a great day!