I Love My Lender

This blog may sound a little like an infomercial, but I’d like you to keep reading.  I am not “In Love” with my lender, but I do love him.

During the last 2+ years I have been using a loan officer from RPM Mortgage, specifically Chuck Scoma.  Chuck is a seasoned lender for 20+ years and I have been referring buyers to him for 2 to 3 years.  Chuck is competent, reachable on weekends, and tells it like it is.  If Chuck tells me he can get my buyer a loan, I have 100% faith in him that he can.  There are times when he tells me, he can’t do it.  However, when he pre-approves my buyer(s), it’s as good as GOLD.

Chuck recently showed me level of service that I had not experienced with him before.  I was working with FHA buyers who Chuck had pre-approved.  I had written a couple of unsuccessful offers and was in negotiations on an REO Listing.  Keep in mind that in this market of 10 to 20 offers on every nice home, getting an FHA buyer into escrow is virtually impossible. I’ve been tearing out what little hair I have left on my head!

Well this REO lender flatly rejected our FHA offer even though the property had been on the market for about 50 days and there were no other offers on the table.  The REO lender did say she was open to an FHA Renovation Loan, known as an FHA 203K.  The “K” stands for “KRAPPY” because that how a lot of these loans/escrows turn out.

Chuck immediately referred me to another lender at a different Bank who was supposed to be the FHA 203K loan “Guru”.  Chuck then scheduled time to meet with him and turned over his whole file on my buyers to simplify the new lender’s process of getting my buyers Pre-approved for this new loan.

I had a Pre-approval letter from “The Guru” within 24 hours. I resubmitted our modified offer and was in contract within 72 hours.  YIPEE!!

Chuck’s was really looking out for my client, even to his own financial detriment.  By doing this, he basically transferred his commission to another lender.  THAT’S CLASS and that’s why he’s my preferred lender.

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