#METALINA AND AMNESIA ROSES LICENSE#
After they receive their NMLS license by passing the SAFE exam, they then apply to individual state regulators for licensure in any given state. They will have a NMLS number, which requires an exam comparable to the bar, although the education requirement is substantially less than that of sitting for the bar. Honestly, one of the reasons I got into the industry was because my own lender was so fucking terrible and left me so hung out to dry during my buying process, that I thought ‘If this is any kind of a standard for this industry, I think I can actually have something to offer’Īctually, any loan officer you speak with at quicken has multiple licenses, and goes through thorough background checks as well as financial and credit checks. We’re a small team and we know your details inside and out. Even when the loan is shipped off to processing or underwriting, we on the front end will be in contact with you at least once a week to give you updates and check in, and we’re there to call if you have any concerns. We don’t just assume you’re mortgage experts that know exactly what we need all the time, and we take the time to explain the process to you so that you’re as comfortable with it as possible during this scary, high-stress, important time in your life. Docs need to be updated, especially if you get pre-approved and are shopping for a while before actually going under contract.ĭifference between Rocket Mortgage and a good, local mortgage lender is that we’re gonna remind you about those updated docs we need before the very last minute and keep you in the fold. I work for a mortgage lender, and you’re right on the money. Not because of the buyer, but because of the lender. That's why when a Rocket approval accompanies an offer, it goes right to the bottom of the offer pile. The source was from a competitor of theirs however, it tracks with my experience with various buyers.
That's worse than the last time I checked where there was a 40% fall out rate. I recently saw info on the fall out rate for Rocket between their pre-approval and closing - only 25% actually close. You are far better off going to a mortgage broker now OP. High closing costs and their phone people have no idea what they are doing when it comes to originating a mortgage. You can only get there through a mortgage broker. However, I recently learned that the wholesale side of Rocket is a much better experience. Their marketing is incredible - I was very interested for an hour until I really drilled down into their numbers. These online mortgage people have completely removed all sense of humanity from the process. In the end, the fees were not as bad as some make them out, I got an ok rate, but I can't tell you enough: go with someone local. Some of the reps were good, some were awful. UPDATE: I am FINALLY closing after an absolutely insane amount of back and forth that was really starting to stress me out. It has to be a total crapshoot with which rep you get assigned that determines your outcome. Oh we didn't tell you: this expires next Tuesday, so if you don't get all this done (with our incompetence hindering you), your mortgage offer expires and you have to start over.ĮDIT: Wow, it's insane the mix of good and bad experiences here. We are now REVALIDATING all the information I already provided. I'm two weeks from closing and I might as well have not even gone through their "prequalified approval", which I was told, "Is as good as having a check in hand". Holy shit, what a fucking mistake this was. I bought a house last year through a local mortgage provider with no issues whatsoever, then moved cross country and had no local recommendations to go on, so I figured I'd give Rocket Mortgage a shot. For how many positive reviews I'd read about this company, I cannot believe what an absolutely abysmal experience this has been.
0 kommentar(er)
