A big bank, in the end will let you switch, but not easily....
.....if your letter is more than 60 days old, any lender has every right to run your FICO again
as well as ask for updated Bank statements.
I request that my current file be transferred from "original loan officer" to "new loan officer".
or call the branch manager and explain that you would be happy to stay with the big bank, but would prefer to work with 'new loan officer'.
If these folks are professional, there will be no ill will directed at you nor should the original loan officer be upset. In fact, they should learn a lesson from the experience.
If you tire of the 'big bank', drop me a line and experience 'concierge' lending!
Have a chat with your REALTOR and discuss the value of the following as they apply to your ability to purchase a home.
Of the three the first two have little value in assuring the seller you will be able to complete the purchase agreement. Number three means you have passed the lenders underwriting process and you 'Have The Money' and can close in days!
Regarding your question. multiple inquiries to the credit bureau within 30 days should have little effect, if any on your credit score.
Identifying a potential problem with a loan officer early will prevent being left at the buyers alter 4 days before closing. There are many indicators that should raise the RED FLAG!
Do Not Let Your Shadow Cross The Threshold Of A Big Bank!
In my experience, it's best to talk to the loan officer with whom you prefer to work about this issue. If the new loan officer you want to work with is at the same bank (maybe the same branch), then it usually isn't an issue - at least this is true for my clients who have had to make such a switch.
Your loan officer is very important in the process; and it is important that you completely trust in the loan officer. You are going to be the one paying off this mortgage for the next 30 (depending on your loan program) years or so! You should be happy (as possible) with the process! :) And of course, as my colleagues have stated below: Your satisfaction is the lender's ultimate goal; the bank will work hard to attain this.
Good luck to you,
Best of Luck to you.