Honestly, the way my local credit union handles construction-to-perm loans changed completely after they hired a new underwriter from a big commercial bank about six months ago.

Tbh, before that, getting a single loan to cover both phases felt like pulling teeth, but now their process is way smoother and they actually explain the draw schedule in plain English, so has anyone else seen a lender suddenly get their act together on a specific complex product?

3 comments

3 Comments

palmer.richard29d ago

Man, that's a nice change of pace.

janac2228d ago

My old boss used to block off two hours on Fridays just for that.

murphy.linda29d ago

It really is. I've been seeing more of that lately, small moments of quiet in a usually busy week. A friend just mentioned her whole team canceled a meeting to go for a walk instead.