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riley1p
201 Posts |
 Posted - 08/06/2008 : 3:55:07 PM
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| WHAT LENDER HAS QUICK TURN TIMES ON FHA AND PAYS WELL? |
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EquitySmart
1240 Posts |
Posted - 08/06/2008 : 3:58:46 PM
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| All of the major FHA lenders have about 1 week UW turntimes right now - the best way to get your files closed quickly is submitting COMPLETE files that are well processed... |
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dkendall1979
10125 Posts |
Posted - 08/06/2008 : 4:02:10 PM
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I still contend that we're a great even mix of turn-time, underwriting flexibility and pricing. Trust One has been doing FHA loans for over 19yrs.
quote:
Originally posted by riley1p
WHAT LENDER HAS QUICK TURN TIMES ON FHA AND PAYS WELL?
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Agent_Mike
374 Posts |
Posted - 08/06/2008 : 4:11:46 PM
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Provident has great turn times for WELL PROCESSED PACKAGES.
If your file isn't squeaky clean, you're going to get moved to the back of the line, indefinitely. |
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gsgroupinc
2032 Posts |
Posted - 08/06/2008 : 4:14:51 PM
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| Some of your smaller lenders are at 2 days. Pricing may be poor. |
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jvanpetten
2506 Posts |
Posted - 08/06/2008 : 4:28:35 PM
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Good pricing and quick turn times is hard to find. I still use Taylor Bean, turn times are 2-3 weeks depending on score, but the pricing is good enough to wait.
If I have a purchase that needs a quick close, I go towards Gateway Mortgage, 48 hours turn times. |
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TheMoneyStoreguy
301 Posts |
Posted - 08/06/2008 : 4:31:02 PM
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How does 24 to 48 hours sound? Dti's up to 60.. manual underwrites down to 580 and with DU approval down to 550. Competitive pricing
Call or email to discuss. |
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Jimmymackin
635 Posts |
Posted - 08/06/2008 : 4:36:15 PM
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Senderra is within 24-48 for us
Flagstar is within 48 for us + you can draw your own docs which can save you another 48 hours at closings
Liberty is within 48 on purchases
Franklin American is always within 72 hours for us
Overland Mortgage (small op) is very quick under 48
Mortgage Network under 48 on approve/eligible
Depending on the loan parameters I would stay away from:
Suntrust
CW
TBW
quote:
Originally posted by riley1p
WHAT LENDER HAS QUICK TURN TIMES ON FHA AND PAYS WELL?
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calspach1972
10 Posts |
Posted - 08/06/2008 : 4:38:56 PM
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| New line mortgage is 48 in U/W and 6 hrs on conditions... great rates and great service.. |
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Jimmymackin
635 Posts |
Posted - 08/06/2008 : 4:41:27 PM
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I am confused...
Are they 6 hours to review the conditions you send it, and then 48 hours once you submit the final conditions to UW?
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ownerop
389 Posts |
Posted - 08/06/2008 : 4:42:28 PM
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quote:
Originally posted by TheMoneyStoreguy
How does 24 to 48 hours sound? Dti's up to 60.. manual underwrites down to 580 and with DU approval down to 550. Competitive pricing
Call or email to discuss.
your rates are not competitive at all. |
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calspach1972
10 Posts |
Posted - 08/06/2008 : 4:44:31 PM
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| 48 hours in U/W 6 hours to clear sent back conditions sorry for being to vague |
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