Question Details

June Tarpley, Other/Just Looking in Fresno, CA

What do you do when your mortgage broker takes forever to close on a loan?

Asked by June Tarpley, Fresno, CA Tue Aug 19, 2008

Help the community by answering this question:


First mistake was using a broker. Always use a banker.
1 vote Thank Flag Link Tue Aug 19, 2008
Having been in this industry for 20+ years as a banker, real estate and mortgage broker, I couldn't respectfully disagree more with the blanket statement offered by Kuleen. It sounds like you got stuck with a bad broker, and there are many. However, if you've tried using Countrywide, Indymac, or scores of the other large bankers, you may have run into several problems i.e.; a great lack of responsiveness, the "You're a Number" mentality, working with a call center in another time zone, being turned down and needing to start all over with a new banker, or in the case of the above referenced bankers...closing of their doors.
If you are not happy with your broker, my suggestion would be to find another one. Check your state Dept. of Real Estate for licensing infractions, talk to those you know, and get a feel for who did a good job. Or at the very least, tell your current broker that you are taking your business elsewhere. See how fast you get a call back then. And when you do, remind him that he works for you, not the inverse.

If you have any other questions, please don’t hesitate to call or visit our website shown below.

Pat Palmer-Broker/Realtor
Forefront Real Estate
Forefront Mortgage

154 W. Foothill Blvd #A308
Upland, CA 91786

Phone: 909.286.1301
eFax: 909.912.8002
Web Reference:
0 votes Thank Flag Link Tue Aug 19, 2008
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