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My husband and I both used to work at 2 of the largest banks(which I shall remain nameless – but you know who you are) and just because we had the big name behind us didn’t mean it was such a great fit.  For some reason the banking customers thought they were getting or could get a better deal because their money was with them.  Well, that is not always the case.

We could no more do anything special for you if you had a million bucks with the bank than if I worked for another mortgage company.

And since we switched companies we have been getting good faith estimates from our old banks.  One thing I want to challenge anyone that is trying to get a mortgage with a “bank” is to make sure you ask what their turn times are.  How fast is the loan underwritten, processed and closed.  At my husbands last job – it was 70 days.

The banks focus right now is on deposits – not lending money.

Anyone can quote a rate but if you can’t honor the rate quote because a lock expires then what good is it.

dealing with a mortgage officer

Working with a smaller company can be a good thing – you can actually get the personalized service that you deserve.

free mortgage consultation today

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By | 2016-10-26T10:44:35+00:00 March 3rd, 2009|News|Comments Off on Bigger Isn’t Always Better

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I love technology, social media, video, blogging and photography. Watch my Social Media Segment on Sunday mornings at 9am on Hampton Roads Business Weekly ABC13. Follow me @AskNaoma.