“These Last Minute Closing Conditions Just Drive Me Crazy”

Good Morning Joe: Macadam sounds good if you add ia after.

Some appraisers do make stupid comments that make our life miserable.   ARRRRRGH..

So annoying when a situation occurs like this and the appraiser was sitting on it for a couple of weeks!

Too many people on that side of the desk have the "never do today what you can put off until tomorrow" attitude....sigh

Good morning Joe,

Probably an hourly paid person versus a commission paid.

When a question arises it should be handled then and there to prevent any other hiccups.

Make yourself a great day.

Joe-I'm wondering if the new TRID process will force more of these issues to be handled before we get to the three-day review window. Fingers crossed.

Good morning, Joe -- it doesn't make sense and is another reason that it's not over until it's over.

Sounds like the U/W just got lazy and didn't pick up the file again until now.  Not fair for anyone involved.

I can feel your pain.   Been there, done that.   I get everything to my underwriters as quick as possible so the reviews can be completed in a timely manner.   I also look for potentially negative appraiser statements myself so I can get seller and Realtor explanations in hand to shoot down any underwriter delays before they occur

It does not make a darn bit of sense, Joe. The process is broken. And, that is not a small repair if they will require it to be fixed. It will be costly and time consuming.  Who pays for this incompetence?  We all do.  Everyone except those that dictate the process and are paid whether the file closes or not.

Some people just like to raise dust and do not care about the customer service issue. How is this underwriter providing good service to the home buyer by doing this at the last minute?

Joe - it should be streamlined shouldn't it.  And I guess the Dodd Frank just made it more complicated.

Sounds like you were sending loans to my old lender!  I understand WHY lenders have the workflow order they do, but it creates so many problems.  The industry needs to clean this kind of thing up, and quickly.

Things need to be changed somewhat, I agree!

Joe- I think that they forget that it's not just a process but they're dealing with someone's life. 

Joe it does not make sense, but unfortunately there are Underwriters who should be doing something else for a living.

It doesn't make any sense. I hate the last minute conditions. I don't know why the underwriters can't get it together and take care of things before they become last minute details for everyone else to deal with. 

That kind of thing really bugs me too. I see it happen over and over. Last minute surprises are never good.

Hello Joe Petrowsky 

Don't worry, the politicians will fix these kinds of problems too....makes you laugh just thinking about that, doesn't it?  

The appraiser was just trying to be very thorough and they didn't know the underwriter was somewhat inept

I have seen similar last minute conditions and can't understand why they do not let us know as soon as they receive the report.