| That's a new one. It must be about "no surprises at the closing table" issue. I wish that were true. I've had 3 HUD surprises this week from that major lender. First one, the loan amt. was $9K less than it was supposed to be & borrower was supposed to come up with $4K instead of getting $4K (didn't sign--it was a redraw). The next one was a streamline VA refi. They came up with $500 due to close (didn't sign the HUD, and it was adjusted). Last scenario, borrower was refi-ing for $4K cash out. Loan drawn again for a lower amt. & no cash back. It's had me scratching my head all week as to what the H#$l the lender is thinking?????? In all cases the borrowers were given no prior notice that there were changes in the loan amt. or costs. I thought things were going to get better--ha! |
