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Anyone close recently or have experiance with Flagstar Bank?

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dlynk196
Valued Member

Anyone close recently or have experiance with Flagstar Bank?

Hi- we are doing FHA, and have been approved with conditions  (Just need updated bank statement and appraisal) Process began 2/10/15 - I'm just wondering if anyone has closed, and if they know if flagstar bank pulls credit (either soft or hard) before closiing for funding?

 

Any insight will be greatly appreciated

Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: Anyone close recently or have experiance with Flagstar Bank?

I would be surprised if any lender didn't do a pull right before closing.

Message 2 of 5
KatieKatie
Regular Contributor

Re: Anyone close recently or have experiance with Flagstar Bank?

I closed with them 2 years ago and at that time they soft pulled right before closing

Message 3 of 5
Anonymous
Not applicable

Re: Anyone close recently or have experiance with Flagstar Bank?

I believe it's an FHA requirement to soft pull the day before.
Message 4 of 5
DallasLoanGuy
Super Contributor

Re: Anyone close recently or have experiance with Flagstar Bank?

cant sell the loan on the open market if you dont pull a final report(or at least monitor credit thru the process)

 

Retired Lender
Message 5 of 5
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