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FGMC/ Ellie Mae? (rant)

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mocha82
Regular Contributor
‎10-06-2011 03:47 AM
‎10-06-2011 03:47 AM

FGMC/ Ellie Mae? (rant)

Ok... I had already filled out my mortgage application, and returned all required documents to my broker.  Yesterday evening,  I received a email from the mortgage company asking for me to esign the documents that I already signed with my broker??? Now I'm really confused.  It took forever to hear any word back from FGMC and my broker kept telling me that my loan app was still waiting to go into underwriting.  I'm trying to figure out if the mortgage company is doing everything over again.  I checked my credit reports and I saw a new inquiry from Eq Ex and Trans.  The broker had already pulled my reports twice.  I'm trying to figure out why the mortgage company did it again?  I am currently living with relatives until I can close on this deal.  All of my belonging are in storage.   I wish they would stop dragging their feet and get things moving and shaking.

Closed on my 1st home on: 11/30/2011
First Guaranty Mortgage Corporation (FGMC)
Starting Score:Equifax: 490 (01/14/2011)Transunion: 498 (01/14/2011)
Current Score: Equifax: 609(07/09/2012) Transunion: 644 (10/14/2011) Experian: 593 Lender Pull (08/22/2011)

Goal Score: 700

Take the FICO Fitness Challenge
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ShanetheMortgageMan
Super Contributor
‎10-09-2011 06:09 PM
‎10-09-2011 06:09 PM

Re: FGMC/ Ellie Mae? (rant)

When you work with a mortgage broker you get one set of disclosures from them and then another from the mortgage company your loan is being brokered to, so that is normal.

Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Located in Southern California and lending in all 50 states
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mocha82
Regular Contributor
‎10-10-2011 05:55 AM
‎10-10-2011 05:55 AM

Re: FGMC/ Ellie Mae? (rant)

Smiley HappyYes I called my broker and he explained it to me.  I'm working on my conditions now 

Closed on my 1st home on: 11/30/2011
First Guaranty Mortgage Corporation (FGMC)
Starting Score:Equifax: 490 (01/14/2011)Transunion: 498 (01/14/2011)
Current Score: Equifax: 609(07/09/2012) Transunion: 644 (10/14/2011) Experian: 593 Lender Pull (08/22/2011)

Goal Score: 700

Take the FICO Fitness Challenge
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