Wednesday, August 13, 2008

Problem lenders

An issue has come up, yet again, with a large (not gonna name names...wells fargo) lender that one of my clients has choosen to do their loan.

This is the second time in less than 3 months that this particular bank has delayed closing and could cost my client big bucks. The issue with large lending institutions is that they are to burecratic. To many chefs in the kitchen and their worker bees aren't even required to get a loan officers license.

You can always choose which lender you work with, however, a Realtor knows good lenders who are going to be able to get the job done, no excuses, no delays, no dishonesty. I always recomend Carroll Dyer with Bankers Financial. He, and his staff are very good at what they do.

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