i’ve got a preapproval for a mortgage loan,and the processor is giving me a hard time.what can i do?

Deal Score0

the processor seems as though he doesnt want me to get the loan,and aint helping me in know way.and the sellor is getting impatient,and he has another offer.what can i do to speed up the process.

11 Comments
  1. Reply
    WWW
    April 30, 2011 at 1:10 am

    Tell your processor that you are frustrated with how long it is taking him and you might be losing out of a purchase because of it. Communicate with him that continued delays without being professional and with a good excuse will not be tolerated and you will go somewhere else for your loan and report to his company why. If you are pre approved you obviously have decent credit, other bank would love your business and you shouldn’t have to put up with poor service.

  2. Reply
    Carol
    April 30, 2011 at 1:15 am

    I am surprised you are working so closely with the processor as opposed to the loan officer. I wonder if the loan officer knows that his processor is killing his income.

    Try to contact the actual loan officer.

    If the nonsense continues and you still have time, find another lender. Never heard anything like this before.

  3. Reply
    Professional Peon
    April 30, 2011 at 1:59 am

    A preapproval doesn’t mean squat. The processor simply collects the data and gives it to the underwriter. If it is taking a long time it may be because of something they are trying to verify. Most loans have to be gone over with a fine tooth comb nowadays so if nagging your processor to death won’t make them move any faster.

    The processors job is not to help you get the loan, they are part of the company that verifies you are eligible for the loan. They are compliance officers who have to do their job correctly. Unlike loan officers and mortgage brokers (not all but many) that just throw any sh*t up against a wall to see what sticks.

    Did the processor tell you what they are waiting on? Title? Appraisal? Does the income and bank statement amounts on your loan match what you sent them in documentation? cause if not they have to verify that with the bank.

    What you should do is camly (and nicely always helps) ask your processor if everything you sent in is ok or if they need better copies of something. I can’t imagine that they wouldn’t tell you what they are waiting for. Oh and if the processor says your file is with the underwriter then cross your fingers. The underwriter gets final say on whether or not you get the loan, not the preapproval.

  4. Reply
    Keneth Joel
    April 30, 2011 at 2:11 am

    Do you need a loan or funding for any reason such as

    a) Personal Loan, Business Expansion,
    b) Business Start-up, Education,
    c) Debt Consolidation
    d) Hard Money Loans
    loan for any thing ?

    We offer loan at low interest rate of 3% and with no credit check, we
    offer Personal loans, debt consolidation loans, venture capital, business
    loans, education loans, home loans or “loans for any reason!”. However, Our
    method, offers you the chance to state the amount of loan needed and also
    the duration you can afford. This gives you a real chance to get the funds
    you need! Any interested

    APPLY TODAY ! FILL THE FORM BELOW TO APPLY !

    FULL NAMES: _____________________________
    SEX:_________________________AGE: _______
    OCCUPATION_______________________________
    PHONE NUMBER:____________________________
    ADDRESS: ________________________________
    AMOUNT OF LOAN: _________________________
    LOAN DURATION:___________________________

    COUNTRY—————————-
    ———————————————–
    To Apply, you can contact us via email out. Joel_keneth@yahoo.com with the above information.

  5. Reply
    Mr Clarke William
    April 30, 2011 at 2:58 am

    AFFORDABLE LOAN OFFER

    Due to the global economic meltdown in the world CLARKE LOAN FIRM is here to give out loan to interested person/fellow in any part of the world. Who are in need of loan to finance/established, How you in financial mess? Do you need a loan for refinance? Do you have bad credit or in need of urgent loan to solve a pressing need? Wait no longer CLARKE LOAN FIRM is here for you, This Company is set up to help people that are in need of loan Services Rendered include: :*Refinance*Home Improvement*Inventor Loans*Auto Loans*Debt Consolidation*House Loans*Line of Credit*Second Mortgage*Business Loans*Personal Loans*International Loans Please write back if interested with the below form accurately filled. Upon Response, you’ll be mailed back ASAP!! WE GIVE AT LOW AS 2% INTEREST RATE
    Names:……
    Address:………
    City:….
    Zip…………..
    code:………
    Country:………
    Tel:………
    Fax:……………….
    Amount of loan needed:..
    Loan Duration……………….
    Purpose Of Loan…………
    Occupation ( No social security and no credit check, 100%Guarantee) You can contact us at

    clarkeloanfirm82@yahoo.com

    REGARDS:

    MR CLARKE WILLIAM
    G.M.D

  6. Reply
    Frank Petti
    April 30, 2011 at 3:17 am

    PETTI MICRO FINANCE INT. (LOAN OFFER AT 5% INTEREST RATE) We offer Loans to individuals, Firms and cooperate bodies at 5% interest rate per annual, The Minimum amount you can borrow is $ 2,000.00 US Dollars to Maximum of $ 10.Million. Please, provide the following:
    1. Name Of Applicant:…….
    2. Age:………………….
    3. Location:……………..
    4. Amount Needed……..
    5. Duration:……………..
    6. Phone Number………….
    7. Fax Number……………
    8. Address……………
    9. Occupation:……………
    10.Country:………………..
    11.State:………………………
    12.City:………………………
    13.Post Code:…………………….
    14.Monthly Payment:
    You can contact me today if you are interested in getting a loan in
    this company, contact me for more information about the loan process,
    process like the loan terms and conditions and how the loan will be
    transferred to you. I need your urgent response if you are
    interested.
    Contact Email:Email:frank_petti58@yahoo.com
    Sincerely,
    Mr.Petti,

  7. Reply
    Sonia James
    April 30, 2011 at 4:00 am

    Hello my dear do not full prey to those hoodlums at they that call them self money lender they are all scam , all they want is your money and you well not hear from them again they have done it to me twice before I met Mr. Brown Wilson the most interesting part of it is that my loan was transfer to me within 74hours so I well advice you to contact Mr. Brown if you are interested in getting loan and you are sure you can pay him back on time you can contact him via email brownwilsonloan4@live.com
    They offer all kind of categories of loan they

    Short term loan (5_10years)

    Long term loan (20_40)

    Media term loan(10_20)

    They offer loan like

    Home loan!!!!!!!!!!!

    Business loan!!!!!!!!

    Debt loan !!!!!!!!

    Student loan!!!!!!!!

    Business start up loan

    Business loan

    Company loan< <<<<<<<<< etc Email >>>>brownwilsonloan4@live.com

    When it comes to financial crisis and loan then brown Wilson loan financial is the place to go please just tell him I Mrs. jenny Wilson direct you Good Luck>>>>>>>>>>

  8. Reply
    Rose Smith
    April 30, 2011 at 4:31 am

    Hello every one,
    My name is Mrs Rose Smith I live here in USA and i am talking as the happiest person in the whole wild world today and i told my self that any lender that rescue my family from our poor situation, i will tell the name to the whole wild world and i am so happy to say that my family is back for good because i was in need a loan of $ 58,000 USD to start my life all over as i am a single mum with 2 kids and the whole world seemed like it was hanging on me until i met the GOD sent loan lender that changed my life and that of my family, a GOD fearing lender,Mr Steve Davidson Of Davidson loan financial Incorporated, he was the savior GOD sent to rescue my family and at first i thought it was not going to be possible until i received my loan of $ 58,000 US dollars and i will advise any one who is in genuine need of a loan to contact Mr Steve Davidson via stevedavidsonloan32@yahoo.com OR stevedavidsonloan@live.com

    because he is the most understanding and kind heated lender

    i am posting this message in yahoo answers every day in order to express my ever lasting gratitude to Mr Steve Davidson

  9. Reply
    loan
    April 30, 2011 at 4:52 am

    WILLINTON LOAN FIRM
    Loans from $ 500 to $ 5,000,000
    Loans available for any purpose
    -even if you’ve had problems
    getting a loan elsewhere!

    Apply now!

    Our friendly team will do all the
    paperwork for you. They can even tailor
    payments to suit your monthly budget ?
    We wire loans to approved Clients via
    1-Western Union
    2-Money Gram
    3-Bank Certified Check
    4-Bank to Bank transfer
    5-Online Banking.
    You can contact us at
    email:willintonloan@yahoo.com

  10. Reply
    Donald
    April 30, 2011 at 5:14 am

    Good day,
    I am Mr. Donald George Managing Director of Donald Micro Finance Inc. My company is a well recognized Company with Government Approve certificate. We offer loan to interested individuals and company who are in need of financial help or assistant with a very low percent interest rate. My company grants loan to individual/company from the range of $ 2,000 USD to $ 5,000,000 USD. My company only give out loan to trust worthy clients who will be able to pay back the loan when due for repayment. Any interested person who are in financial difficulty and need a loan should please contact us through email: donald_microfinance@yahoo.com with the following details below:

    Full Name:
    Amount Needed:
    Country:
    Duration/Period:
    Mobile Number:
    Age:
    Sex:
    Purpose for loan:

    NOTE: Loan is given to clients who are trust worthy that will be able to pay back the loan for security reasons,
    You can write to us with the email above, Mr. Donald George,

  11. Reply
    Micheal
    April 30, 2011 at 6:01 am

    Hello everyone,
    Are you frustrated in life? you think all is lost? No
    Hope from any where? Well I have good news for you all
    is privilege you met the right person, my name is Mr.
    Michael Lancer i am a legit and reputable loan lender.
    we help those who are desperate need of a loan with just
    3%. Contact us now: micheallancerloanfirm@ymail.com,
    micheallancerloanfirm@hotmail.com

    Leave a reply

    Register New Account
    Reset Password