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Ditech Loans
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Posted by SReis on 8/14/07 7:17pm
Msg #205552

Ditech Loans

Does anyone have experience w/Ditech loans. (I have searched). All I want to know is how large a normal refi is. Is it much larger than normal? I am already aware of the faxbacks. Thanks

Reply by ck_KY on 8/14/07 7:28pm
Msg #205555

Small packages, usually 45-50 pages and they are usually ON docs.

Reply by christiSocal on 8/15/07 1:05am
Msg #205595

Very easy, small, neat.

Reply by CJ on 8/15/07 10:57am
Msg #205709

Also, it seems like Ditech discloses everything very thouroughly to the borrowers first, so by the time you get there, they are sick of reading, the figures are usally correct (unless it is an honest typo), and borrowers are chomping at the bit to sign. If they refuse to sign, usually the docs are good for tomorrow, and you can go back the next day when they clear up the misunderstanding.

Most borrowers rave about ditech like commerical actors. But since the slow down, ditech is paying most of the closing fees, so now they are cutting the fee to the SS, who usually wants to pass it on to the notary.

Also, if you have to print the docs, they want you to print letter and legal size on the correct paper. But it is mostly all letter, with about 5 legal sheets.


 
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