Posted by PegiT_MN on 11/10/12 10:26am
Msg #442911

VA Loan Closing This Morning With 217 Pages

Oh my goodness!!! I forgot how big these VA packages can be sometimes. I've gotten so used to those HARP super streamline packages of 84 pages with three notarizations where you are in and out of their house in about 20-25 minutes. I think this closing is going to take at least 90 minutes with all this paperwork. I'm just very happy this is a triple digit paying job. I didn't have too much of anything else I was going to do today anyway......just one other closing.....a quick one.....and it's so very nice that both of them are each about 6 minutes from my house.....it doesn't get any better than that.

Reply by CopperheadVA on 11/10/12 11:41am
Msg #442919

Yikes - who is the lender?

Reply by SheilaSJCA on 11/10/12 12:10pm
Msg #442924

I hope by triple digits you mean over $100, for a package

like that, on a Saturday, I would have asked for $150-175 (and gotten it too).

Reply by Linda_H/FL on 11/10/12 1:12pm
Msg #442940

I'm with you Sheila... n/m

Reply by PegiT_MN on 11/10/12 3:23pm
Msg #442946

Re: I hope by triple digits you mean over $100, for a package

I think that is what triple digits implies......over $100......and of course on a Saturday, VA package of 217 pages, I would expect nothing less than $150-$175 either (and getting it too).

Reply by desktopfull on 11/10/12 2:47pm
Msg #442945

The biggest reason is the conversion to letter size.

I don't see where we are saving anything on paper with this conversion either. One of their forms converted is 3 letter size sheets of paper as to 1 legal sheet.

Reply by MW/VA on 11/10/12 7:51pm
Msg #442977

I had one the other night at 168 pgs. I don't know what

it is with some lenders--it's overkill. I'm guessing they don't really know how to handle a VA loan & through in all kinds of extra forms. I do many VA refi's, and many aren't any larger than a regular refi. The largest pkg. I can remember was 185 pgs.--ridiculous!