June 8th, 2012 9:48 PM by Eric Fang
Recently, I don't have much problems with thelender Provident Funding. I am not sure whetherthis is because of my attitude change or PF changesfor better.
I used to call this lender PF as a lender of We hateit(the process, and the endless docments) and We love it(the rate is pertty good). I only submit the loansto them when I have to.
Starting last year, I found that my loan businessis getting better and better(the rate is good as well).The big change from me is that I "follow" the trend.I submit the loans PF(and other lenders) like to have,and prepare the loans as required.
And when I quoted the rates to the borrowers, I triednot to say that "Escrow/Impound account is required".Instead, I would tell the rates for impound or non-impound.Then the borrowers' feeling will be different. Theywill just choose an option to have an impound or not.They will feel like that they are forced to have one.
So it will will be you who chooses the rate, not me.And I just provide the options.