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Ever had one of these conversations?
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| So, Mr. Loan Officer, how is the financing coming along for the Smith purchase? We are a week out from the contingency date, you know, and my clients do not want to see an extension request. | |
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| Hello Ms. Realtor, uh, we are doing fine. Just waiting on a few things, you know, the usual stuff. Don't worry, we'll be fine. | |
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What happens behind the scenes...
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| Hey, Mr. Underwriter Guy - we're clear to close on the Smith loan, right? Financing is due today and I'm gettin' calls from everybody wantin' to know if we are good to go. | |
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| Are you serious? Have you seen the loan conditions I still need to receive and review? Do you know how many files I am underwrting? Get in line, dude - that is, after you have all of the conditions. | |
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Results in collateral damage for all.
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| Holy cow! What am I going to do? I have 2 voicemails and 3 emails from people wanting to hear something from me on the Smith purchase. Time to zip out of the office to avoid further calls and emails! | |
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| I cannot believe our closing is delayed because the financing isn't ready. It's going to cost me $2,000 for the movers and now I have to reschedule the painters! I am so ticked off... | |
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