Posted on: 18th Apr, 2009 08:12 am
We signed loan docs for a first mortgage refi on 4/7/09 with WFB and can't get them to fund the loan. They're saying they're trying to get the rate lock extended. How can I get them to disburse the funds? They delayed the process for 3 months and missed rate lock expiration because they couldn't get docs drawn in time. But they did draw docs 2 days later at the original rate, but now they won't disburse.
talk to the regulatory agency that oversees this lender. that'll get them hopping.
That was a great idea. After the conversation about regulators, they magically funded the loan despite an expired rate lock due to their delays. Thanks!
Hallelujah! when you have to threaten, it's a shame, but it can certainly work.
Great advice George !
