Thursday, October 05, 2006

Failure

Ok, sounds good. So, is my loan all set? Brad was still gathering information as of yesterday. I close on Friday at 1PM.
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David - I personally had you on my calendar from application for closing on the 10th, Tuesday. Brad are we ok for the 6th?
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David please forward this to your Lender please. Thanks.

What is going on? The Contract clearly states the 6th of October. This has never changed. The Seller has moved out and utilities will off and David, my Client will have to pay the reconnect fees as well. Please advise asap. The Attorney is waiting for your package.

Rochelle
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David and Rochelle,
I'm SO sorry this loan won't be able to close tomorrow. We didn't receive docs on this (sales contract and appraisal fee and title until the 18th. By the time it went thru order outs for title and appraisal and into underwriting, the processor didn't get the file until the 26th. The commitment letter was sent on the 26th also, and we are still in need of the borrower's transcripts. Brad is out sick today and we need at least a whole day, once all conditions are in, to put into clear to close for underwriting before the file can go to the closing department for docs to be sent.
The earliest we could close would be Wednesday - the bank is unfortunately closed on Monday for Columbus Day.

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