Wells Fargo services their on loans. You'll get your 1st draw 5-7 business days after close.
My loan was sold to Bank of America aka Skank of America and when you call their number it's just a prerecorded message saying "we are experiencing extremely high call volume if you are calling about your initial draw request, please allow up to 60 days". I nearly fell over when I heard this. My contact person never answered her phone but after every 10 email messages and 5-10 nasty voicemail she would respond via email with "we are working on it, thanks for your patience". Then I heard that BOA just started servicing another set of loans which was causing the back log. This may just be an extremely busy time but I would think that's when "management" steps in and hires more people, but they're paid millions of dollars and so much smarter than me so what do I know? Just kidding.
Needless to say I have a bad taste in my mouth after the experience and if I had it to do all over again I would definitely go with Wells Fargo. You live and you learn right.
It took about 3 months of constant emails and phone calls to actually get all of the money. From reading the posts I am actually lucky because others have gone more than 6 months. Again Stay on top of the bank, if you end up in the same situation.
During the construction phase I was pulling my hair out and on the verge of tears but to see the final product and have the dream house with everything I wanted, I wouldn't change a thing! Plus I have about 50k in equity. Not too shabby. Good Luck with your 203K.