took me a while to wrap my head around it. Lender wanted a LOE about where the funds came from to close....borr was like, huh?....even though they had the HUD-1 from the one she sold.....and it was weird to see a RM where borr still had to come in with funds to close. kept thinking I needed a RTC....did the signing in the escrow office...got halfway through the signing...lender found an error in the docs...decided to redraw....signing started all over again.....lots of pages of docs.....lady was quite annoyed with the loan process and lender....my impression was lenders are just learning how to do them and market them.....
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