Re: Still Waiting for Preapprova
09-02-2012 03:26 PM
Thanks very much for this information. I actually applied to another Mortgage company, who has already started to generate a file on me...w2;s, tax returns, stubs, explanation letters etc. He has direct contact with underwritten and feels pretty sure he can close the loan.
I have been waiting on a response from Wells, starting next week, will be week 3. I bank with Wells and I am terribly disappointed in the lack of service and follow up on this application. I would advise treat people with dignity and respect and just say NO, and not linger people on...this is uncalled for. Or, give people the reason for the decline so that they will no what to work on.
When you go through the initial application and the processor says your ratios looks good, you meet the minimum score, sign the applications and then hear nothing for weeks, this is really unacceptable, but I am preaching to the choir..pardon me on this.
I'm glad you decided to switch to another lender. You will find the service is better.
What is really funny (or odd) is that Wells Fargo can't originate mortgages very well at all, but they end up buying a bunch of mortgages that are originated by others so you may even end up with Wells as your servicer! Who knows....its possible. Good luck It sounds like you are on the right track now.
Goal: 720 by mid 2013
In the garden now .....