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We Close Loans in 20 Days or Less.
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We Close Loans in 20 Days or Less.Daniel Dobbs2025-03-22T16:17:01-07:00
My team and I goals are to make both agents look good and to secure a lifetime of repeat business and referrals for all THREE of us!
To do that, we must be able to close within 20 (working) days or less and with the least amount of “friction” as possible.
Cooperation between agents is critical to accomplishing this goal. Below are the most critical items we need from the listing/selling agents and escrow on day 1.
_____ Contact info for escrow (escrow agent-email address-phone #).
_____ Contact info for all agents and/or transaction co-coordinators.
______ Are there any potential “issues with the property, ” such as low comps, outstanding repairs, termite work, HOA litigation, low owner occupancy, etc.?
____ Copy of the MLS printout of the property.
If you know something, say something!
If there is, we can probably avoid the issues by addressing them to the Underwriter in a cover letter when we submit the file. Any “surprises” may delay COE!
If so, we need to know to avoid delays!
____ A MLS printout for the property and a contact name for the appraiser to call
_____ Fully executed RPA, complete with all counter offers (all pages signed and legible).
______Escrow Instructions and Title Prelim.
_____ Post “Dodd-Frank”: The escrow company (for the listing) needs to provide every us with a COMPLETE LIST OF FEES ASSOCIATED WITH THE TRANSACTION (minus lender fees), i.e., Title/Escrow County Transfer/ HOA/ Sub Escrow Mello Roos, etc.
Until we have the fees, we cannot submit the file for approval.
Thank you for your assistance, and let’s make this a smooth COE.
Daniel Dobbs (.org)
Mutual Home Mtg.
500 S. Kraemer #165
Brea, Ca. 92821
Cell: 949 250-3981 E- Fax 928 713 -1011
Dandobbs6@gmail.com
DRE # 00986886 …..NMLS# 307631
Copywrite © August, 2018 Daniel Dobbs MHM Mortgage /// All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law. For permission requests, write to the publisher, addressed “Attention: Daniel Dobbs, Author- VP-Broker Mutual Home Mortgage 265 S. Randolph #120 Brea, Ca. 92821 Cell: 949 250-3981 Dandobbs6@gmail.com NMLS #307631 BRE #00986886
My team and I goals are to make both agents look good and to secure a lifetime of repeat business and referrals for all THREE of us!