Comments on: Out of State Lenders Still Dropping the Ball in Austin http://crosslandteam.com/blog/2007/03/12/out-of-state-lenders-still-dropping-the-ball-in-austin/ Austin Real Estate Blog Fri, 11 May 2012 17:13:15 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Terrill http://crosslandteam.com/blog/2007/03/12/out-of-state-lenders-still-dropping-the-ball-in-austin/#comment-559 Terrill Wed, 14 Mar 2007 16:24:31 +0000 http://ben.crosslandteam.com/blog/2007/03/12/out-of-state-lenders-still-dropping-the-ball-in-austin/#comment-559 Steve, I've been through this nightmare scenario a few times recently and it's got me extra charged up to stay on top of the lenders I don't know to make sure they are processing the loan to close on time. I think the mortgage companies and realtors need to have an agreement that if they don't get their work in on time they forfeit their fees. Let's make them pay for their lack of service by hitting their pocketbook. Steve,
I’ve been through this nightmare scenario a few times recently and it’s got me extra charged up to stay on top of the lenders I don’t know to make sure they are processing the loan to close on time. I think the mortgage companies and realtors need to have an agreement that if they don’t get their work in on time they forfeit their fees. Let’s make them pay for their lack of service by hitting their pocketbook.

]]> By: Lence http://crosslandteam.com/blog/2007/03/12/out-of-state-lenders-still-dropping-the-ball-in-austin/#comment-560 Lence Tue, 13 Mar 2007 19:16:01 +0000 http://ben.crosslandteam.com/blog/2007/03/12/out-of-state-lenders-still-dropping-the-ball-in-austin/#comment-560 Steve, Can you define what is "local" lender? A lot of banks such as Washington Mutual, BofA, Chase, Wells Fargo are all having banking centers locally. They do take a big chunk of business locally. Can you give me a couple examples of local lenders? Who is your favorite local lender so far? Steve,

Can you define what is “local” lender? A lot of banks such as Washington Mutual, BofA, Chase, Wells Fargo are all having banking centers locally. They do take a big chunk of business locally.

Can you give me a couple examples of local lenders? Who is your favorite local lender so far?

]]> By: Steve Crossland http://crosslandteam.com/blog/2007/03/12/out-of-state-lenders-still-dropping-the-ball-in-austin/#comment-562 Steve Crossland Mon, 12 Mar 2007 19:46:48 +0000 http://ben.crosslandteam.com/blog/2007/03/12/out-of-state-lenders-still-dropping-the-ball-in-austin/#comment-562 I actually just purchased a couple of lots using BOA and couldn't have been happier with how it went. When there are problems, BOA is so big, it's hard to say it's the institution itself that causes the propblems. It's really the individual loan officers who either know what they're doing or not. And I've found that the local people have the connections, know the appraisers, etc. that enable them to take better care of the deal. Steve I actually just purchased a couple of lots using BOA and couldn’t have been happier with how it went. When there are problems, BOA is so big, it’s hard to say it’s the institution itself that causes the propblems. It’s really the individual loan officers who either know what they’re doing or not. And I’ve found that the local people have the connections, know the appraisers, etc. that enable them to take better care of the deal.
Steve

]]> By: Mare http://crosslandteam.com/blog/2007/03/12/out-of-state-lenders-still-dropping-the-ball-in-austin/#comment-561 Mare Mon, 12 Mar 2007 19:34:18 +0000 http://ben.crosslandteam.com/blog/2007/03/12/out-of-state-lenders-still-dropping-the-ball-in-austin/#comment-561 I have my own gripes with BOA, and this is another to add to the list. Thank you for posting. Have you seen these sorts of problems with other out of state lenders, or has this been mostly BOA? I have my own gripes with BOA, and this is another to add to the list. Thank you for posting. Have you seen these sorts of problems with other out of state lenders, or has this been mostly BOA?

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