Comments on: Dear Loan Underwriters – Please stop asking for pointless, time wasting minutiae

By: Laguna Beach Realtor

Laguna Beach Realtor — Thu, 28 Oct 2010 17:56:26 +0000

It is really hard to fund a loan on time. One of my deals, the day of closing, the Loan Underwriter asked for a pointless form that I have never seen before. My buyer's were out of town, expecting to come home to their new home. The deal ended up closing a week later because of this!

By: Laguna Beach Realtor

Laguna Beach Realtor — Fri, 26 Feb 2010 12:09:03 +0000

Great article, this is very true. Especially in the real estate market we are all going through!

By: brandyrude

brandyrude — Sat, 17 Oct 2009 20:26:36 +0000

I totally agree! I'm still waiting to get an approval. The next thing our uw will ask for is probably a blood sample followed by a stool sample. Get real!

By: Shar Rundio

Shar Rundio — Mon, 05 Oct 2009 23:04:27 +0000

I love when they tell you the contract is illegible but the document would have been beautifully legible if they would have accepted the electronic signature initially submitted.

By: Weekly summary of real estate news, Memphis comments, and other interesting stuff – October 3rd - Memphis Real Estate Buzz

Sat, 03 Oct 2009 06:24:31 +0000

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By: edelmaureen

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By: SpokaneHomeGuy

SpokaneHomeGuy — Thu, 01 Oct 2009 23:41:14 +0000

I had an underwriter throw out the appraisal (came in at value + 1,000) and "reformulate" the value to $2,000 less than the negotiated price – $2,000… seriously. Was a mess.

By: Brian @ Blythewood R

Brian @ Blythewood R — Thu, 01 Oct 2009 23:18:12 +0000

This has to be the post of the year! Is there any logic to obtaining a loan anymore? Local lending may be the only solution. At least local banks would have an opportunity to physically research the property they are lending for. Is this such an obvious concept that no one has considered it?

By: UpstartAgent

UpstartAgent — Thu, 01 Oct 2009 00:08:39 +0000

This is something we all struggle with – why doesn't anybody think about these policies that make no sense?Kind of reminds me of the letter my son's school sends me every month stating he owes the cafeteria $3 – they've already spent $8 in postage. And people wonder why banks are in so much trouble?

By: easyrent

easyrent — Wed, 30 Sep 2009 11:42:36 +0000

Good post.worth to read