I wish someone would do a QC audit on my fast food drive through order right before they hand it to me through the window. It would cut down on many headaches.
As Richard suggested,
It is time to press forward with the penalty you imposed on the lender, at the time you locked in, if they miss the closing date.
$250 a day is a good baseline.
It still excruciatilngly painful to miss the closing date, but at least you get a token.
Lender won't agree to be held accountable?
Agent who referred lender won't press for your benefit?
Did you use the agent recommended lender?
Best of Success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor FL
Move to the Front of the Line
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.
What we, the lender, will do is pull an update to your credit from today back to the last time we rean your credit. We are making certain that credit remains consistent from the initila report.
Also, this is the time that the lender will verbally call and verifiy your employment.
Your lender may just pull random audits, but we do it on every file.
No complaints, it is standard.
Your loan officer may have wanted to alert you to this.
It should not take more than a few steps....as long as the credit is the same and you still are employed you should be fine.