Posted by Leon_CO on 4/20/06 9:35pm
Msg #114977

Good to see you again. What a coincidence.

I did a closing at the end of March. The borrowers refused to sign because they took one look at the amortization schedule and didn't like what they saw. I was very impressed by how smart they are. I was so impressed that I wrote a topic about them.

Anyway, you can imagine my surprise when I get a confirmation to do a closing for them tomorrow evening and see their names. Only this time it's with a different lender. I spoke with him this evening to confirm the appointment and it was like speaking with an old friend.

Have any of you done signing where the borrowers cancelled the first time, found a different lender, and coincidentally you were the signing agent for both loans?

Reply by LawrenceOK on 4/20/06 9:37pm
Msg #114978

YES!

Reply by Beth/MD on 4/20/06 9:52pm
Msg #114987

Yes, I've had that happen. I've also had one borrower find a different lender and request me to come back. I thought that was a great compliment.

Reply by TitleGalCA on 4/20/06 10:46pm
Msg #115003

I only wish, Leon. For those second loans, I have some vague promises from the escrow officers that they will figure out a way to get my fee from the first, that didn't fund.

This bothers me for the hidden charge dilemma. I don't want to be paid from a loan that didn't fund by a questionable practice of passing it on to the next loan.

If I did the second signing and it went through, great, I can sleep at night. I just don't want to be party to doing a fast one on the borrower.

Reply by Ndwa on 4/21/06 7:54am
Msg #115051

Not a coincidence.

I have resigned 4 where they refi again to get out of the ARM and taking more money out of their equity. I guess good service along with a business card gave them something to remember.