Every once in a while, I come across something that is out-of-the-ordinary.
Something that is so good I feel compelled to tell my friends about it.
Back in December, I stumbled on one of those things and I waited a while to make sure that what I found was real and not just a bunch of smoke and mirrors.
What did I find?
I found a mortgage bank that can close loans in 10 days.
And they guarantee it.
10 days!
I spent all of 2009 explaining how <insert excuse here> had happened and that when someone was buying a new house they should set a 45 day escrow just to give the lender the time to get it done… and even then I found that I had to file more than one extension every once in a while.
Can you really get your loan closed in ten days?
Yes.
I have seen it with my own two eyes and seen the stats.
The big secret to getting loans closed in ten days?
In no particular order:
- Have a loan officer who knows what they are doing.
- Have processing in house.
- Have underwriting in house.
- Have doc drawing in house.
- Have a way to get appraisals done, even with the HVCC guidelines in place.
- Have a great escrow officer who does her part.
Have senior management that will accept nothing less than excellence and hold each person accountable for achieving the goal of a ten day close each and every time.
Need a loan closed fast by people who are the best in the business?
Now you know who to call.
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