I get the speed thing with nationals, but I’ve actually had a local lender move way faster than a big bank once—like, docs in my inbox before I even finished my coffee. Maybe it’s just luck of the draw? The “formal” vibe cracks me up, though… one guy insisted on faxing. In 2023.
I’ve had that happen too—local lender practically racing me to the finish line, while the big bank was still “reviewing” my file for the third time. The fax thing is wild though… I had a guy once who wanted me to physically sign everything in blue ink, like it was 1998. Out of curiosity, did you find the local lender’s flexibility made up for their old-school quirks, or did it just add more hoops to jump through? Sometimes I wonder if the personal touch is worth a few extra steps.
- Local lenders really do love a good blue ink signature—sometimes I think they just miss the smell of toner.
- In my experience, their flexibility is legit, but yeah, you’re trading emails for phone calls and faxes for... well, more faxes.
- The upside? I’ve had them call me after hours to push things through, which you’ll never get from a national bank.
- Downside: sometimes I feel like I need a time machine just to keep up with their paperwork “requirements.”
- All in all, I’ll take the quirks if it means closing on time, but man, would it kill them to accept DocuSign?
It’s wild how some local lenders still act like the fax machine is cutting-edge tech. I get why they do it—there’s a lot to be said for actually knowing who’s handling your file and having someone pick up the phone on a Sunday. But man, the paperwork grind is real. I’ve had deals where I was chasing down signatures on a stack of forms that looked like they’d been photocopied since 1998. Still, I’ll admit, when you need something pushed through in a pinch, that “old school” approach can come through... just wish they’d let me use my iPad more often.
just wish they’d let me use my iPad more often.
Right? I tried to sign something on my phone once and the loan officer looked at me like I’d suggested skywriting the docs. I get the “personal touch” thing, but after my third trip across town for a wet signature, I started eyeing those big national lenders a little differently. At least they let you e-sign stuff without needing a time machine. Guess it’s a trade-off—paper cuts or digital headaches.