Posted by ME/NJ on 11/17/13 10:13am
Msg #493090

That time of month again and it's early

EOM week with Friday and Saturday being the EOM and final week to make money before Christmas. Wish everyone the best.

Reply by Linda_H/FL on 11/17/13 10:35am
Msg #493091

Technically it's Monday the 25th - can still sign and fund a

rescindable loan on Saturday the 30th.

Reply by ME/NJ on 11/17/13 10:53am
Msg #493095

Re: Technically it

You're correct, but limited banks fund on Saturday.

Reply by Jack/AL on 11/17/13 1:39pm
Msg #493101

Technically, Sunday would do...........

Three days with RTC would be Monday, Tuesday, and Wednesday. Skipping Thursday (Thanksgiving) funding would thus be on Friday, the 29th.

Reply by Linda_H/FL on 11/17/13 1:49pm
Msg #493102

Re: Technically, Sunday would do...........yep n/m

Reply by LynnNC on 11/17/13 3:33pm
Msg #493103

Closing on Monday the 25th - RTC Tues, Wed, & Friday....

Would not fund before month-end.

Reply by ME/NJ on 11/17/13 3:44pm
Msg #493104

Re: Closing on Monday the 25th - RTC Tues, Wed, & Friday....

12 years in business, not one Sunday loan signing.

Reply by Joan Bergstrom on 11/17/13 4:33pm
Msg #493107

Sunday signings

I average 2-3 per year. Pretty rare indeed!

Reply by FGX/NJ on 11/17/13 4:36pm
Msg #493108

Re: Sunday signings

1 in 12 years. Turned a few down.

Reply by PegiT_MN on 11/17/13 6:09pm
Msg #493109

Re: Closing on Monday the 25th - RTC Tues, Wed, & Friday....

Linda is correct....Monday is officially EOM day because Saturday does count as a funding day. Not all title companies like to come in and fund on a Saturday and that is why many will like to get the bulk of their business done on Friday......but in emergency situations, last minute closings, loans can close on Monday and still fund in the month of November.

In regard to Sunday closings.......I do about one every two to three months.

Reply by DaveCA/CA on 11/18/13 8:38am
Msg #493132

Super technical

Perhaps it is done differently in other states. The lender is the one that funds the loan. The title company receives the funds and then disburses them. I know, I know. Just stating this in case a newbie is reading.

Reply by LynnNC on 11/18/13 12:45pm
Msg #493151

Never had a loan fund on Saturday in the 8 years...

...I have been closing loans, and I bet TC staff won't be coming in on Thanksgiving weekend.

Reply by Teresa/FL on 11/18/13 1:34pm
Msg #493160

I remember one TC who funded on Saturdays back in 2005-6

I think they were all Countrywide loans.

Reply by Linda_H/FL on 11/18/13 8:20pm
Msg #493204

I remember going into work at the attorneys office

to disburse on a Saturday - if that money hits Friday (business day) clients are banging down doors to get their checks..

It's rare - but it does happen - and it's a possibility.

Reply by jba/fl on 11/17/13 6:54pm
Msg #493112

Re: That time of month???? You too? n/m

Reply by MikeC/TX on 11/17/13 7:20pm
Msg #493119

Good one... n/m