Suntrust

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george-1st

148 Posts

Posted - 05/18/2008 : 09:22:29 AM

Any Suntrust A.E.'S out there? I need corroboration as to whether
or not an A.E. has company authority to decide if they can setup brokers working from home.

I recently sent in a broker package to an A.E. and got the following response:

"I am not setting up brokers who are working from their home at this time."

I am a licensed broker since 1990 in good standing. I have always worked out of my home. Taking applications by phone or visiting with clients to sign 1003, disclosures, etc.

Not brick and mortor shop, sole proprietor. Never had a problem with a lender entering into a wholesale contract with me or my company.

If this is B.S., I would like the name and contact information where I should be sending this app to. I am in Florida.
Thanks, George

Coffee Is 4 Clos

1638 Posts

Posted - 05/18/2008 : 09:56:39 AM

who cares man... suntrust is like 20 business days turn time and their rates aren't that great anyway.

liverichly

3936 Posts

Posted - 05/18/2008 : 1:01:45 PM

SunTrust is 24 hours for approvals for moi.

khoiey

1583 Posts

Posted - 05/18/2008 : 1:07:09 PM

Out of all lenders, I think Suntrust's service is the best and u/w has good sense.

hmorales007

228 Posts

Posted - 05/18/2008 : 3:39:57 PM

They are not even automated and their rates suck. They need to get out of the stone ages. They can only continue to lose money for so long before they are shut down.

quote:
Originally posted by khoiey

Out of all lenders, I think Suntrust's service is the best and u/w has good sense.

davidfr

1172 Posts

Posted - 05/18/2008 : 5:15:27 PM

In Florida Suntrust's rates are horrible. Probably the single worst of any A paper lender I am signed up with.

lobb

190 Posts

Posted - 05/18/2008 : 5:16:33 PM

Terrible turn times out of Nashville, Tn office on FHA. 10 day plus. Very conserative company. You can send the file to them and get 15 stips; Send it to another lender, 5 stips.

This has been my experience. Just passing it along. We dont use them for conventional due to we have an in-house contract mi underwriter.

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