T.G.I.F. Thank God it Funded!

By
Industry Observer with Responsive Pest Control

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!

Posted by

Paul McFadden

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Washington King County Bellevue
Groups:
Dedicated Bloggers
Mortgage Professionals
Mortgages
Puget Sound - WA Real Estate
Realtors Needing the services of the Lending Powers
Tags:
loan fundings

Spam prevention
Show All Comments
Rainer
169,800
Allan Sanchez
Roseville CA & Rocklin CA Short Sale Agent - Roseville, CA
Rocklin & Roseville, Short Sale Agent

Love this.  I'm using TGIF from now on!  And so true....It's not over till the skinny lady sings! ;)

Just had a home record yesterday and the lender (from a very large/reputable bank by the way) was probably the WORST communicator I have ever worked with.  It was like pulling teeth to get any response from her. We're talking 5 or so calls/emails to 1 return email that doesn't answer the question!  In the end it cost my buyer $1300 in per diem fees and $220 of my commission.  TGIF!

Oct 27, 2010 05:36 AM #1
Ambassador
704,468
Paul McFadden
Responsive Pest Control - Seattle, WA
Pest Control, Seattle, WA.

Allen: You're welcome! Sorry to hear about your trials and tribulations. I assume you won't be steering people their way again. Have a great day!

Oct 27, 2010 05:40 AM #2
Rainmaker
650,447
Barbara Hensley
RE/MAX Properties - Rockwall, TX
Homes for Sale in Rockwall County, Texas

It's a good day when a transaction closes on time!

These days we are all thankful for the closings.  We must all work together rather than trying to place blame when something does not work.

Oct 27, 2010 08:58 AM #3
Ambassador
704,468
Paul McFadden
Responsive Pest Control - Seattle, WA
Pest Control, Seattle, WA.

Barbara: I agree with you. I always appreciate the patience showed by all the parties these days. As long as everyone understands what is required these days, we get these deals done. Take care.

Oct 27, 2010 03:35 PM #4
Rainmaker
335,838
Lori Churchill Cofer
Beasley Realty - Pullman, WA
Realtor - 509-330-0086 - Pullman, WA

Paul,

I LOVED this...I have one tomorrow....on Friday...and I hope I say TGIF!!!!

Oct 28, 2010 05:37 PM #5
Ambassador
704,468
Paul McFadden
Responsive Pest Control - Seattle, WA
Pest Control, Seattle, WA.

Lori: Thanks! I hope it did too!

Oct 29, 2010 11:19 AM #6
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
704,468

Paul McFadden

Pest Control, Seattle, WA.
Ask me a question
*
*
*
*

Additional Information