Posted by Melody on 9/29/05 10:01pm
Msg #68063

LSI and WM

LSI is now doing WM loans.

LSI requires extensive fax backs to the lender as well as the usual minimal faxbacks to LSI.

This is similar to Chase requirements with another TC.

Be warned and quote your fees accordingly.

Loan packages are very clean. Signings go smoothly.

Reply by Anonymous on 9/29/05 10:18pm
Msg #68067

um... ok... what the h@#* is LSI and WM.

Reply by Ginger on 9/30/05 1:09am
Msg #68082

I recently had a signing for LSI/Chase. I was instructed by the SS NOT to fax back. Very clean signings. I wish they all were that smooth.

Reply by PartikgirlNJ on 9/30/05 5:44am
Msg #68091

I have done a few for LSI and never had to fax back. Smooth signings and good promt payment

Reply by LisaWI on 9/30/05 7:29am
Msg #68098

I was called by LSI to be there "preferred agent" in my area. She had said I sent back one of their loans (that was a split send) correctly and sent it back in time to fund on time. I told her I remembered that loan all to well. As a matter of fact, I remember saying to myself, this is too much work to be paid from a SS when I was getting the packages ready for sending. I looked at it as a learning experience.

Reply by Bonnie_FL on 9/30/05 10:17am
Msg #68127

To Melody

Just curious, are the WM loans refinances or Helocs?

Reply by Melody on 10/1/05 11:16am
Msg #68298

Re: To Melody

Both. The helocs are simple. The 1st refis are the ones requiring 20+ pages of fax backs to lender.