- Joined
- Jan 16, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Delaware
Underwriters are just magical, warm fuzzy human beings, aren't they?
2 p.m today: Got a call from a processor...."Underwriter wants 3 more comps for the Saxton Road property that's settling tomorrow. She said that in a Suburban area, you shouldn't have comps more than one mile from the subject" (mine are 1.5 miles, 2 miles, and 2.3 miles).....2:30 p.m. Processor called again. "We need you to get those comps now, or the borrower will lose her lock, then she can't settle and the seller has moved out. The loan will fall through if you don't get back to us within 1/2 hour"......So, I lost my head, called the manager of the mortgage company and told him I was going to drop everything and do this menial thing for the Underwriter, but.......don't call me again for anymore appraisal work. (poor pay, anyway). What would you have done?
2 p.m today: Got a call from a processor...."Underwriter wants 3 more comps for the Saxton Road property that's settling tomorrow. She said that in a Suburban area, you shouldn't have comps more than one mile from the subject" (mine are 1.5 miles, 2 miles, and 2.3 miles).....2:30 p.m. Processor called again. "We need you to get those comps now, or the borrower will lose her lock, then she can't settle and the seller has moved out. The loan will fall through if you don't get back to us within 1/2 hour"......So, I lost my head, called the manager of the mortgage company and told him I was going to drop everything and do this menial thing for the Underwriter, but.......don't call me again for anymore appraisal work. (poor pay, anyway). What would you have done?