10/31/2018

Bank of America



number one complaint: offers low rate that they don't deliver

Client goes into B of A to wire escrow deposit (earnest money), the cost of $30 dollars for the wire is waived if they speak with the B of A loan hack. 

Kept the loan after a long talk, where client felt they couldn’t leave the branch, felt cornered by this young guy.

Moral, have them set up a wire without going into the bank.

MY answer:

Listing agent won't accept an offer from Bank of America
because they never close on time, the appraisal comes in
low, and they don't answer the phone when things go wrong.
Even in this market where lenders are fighting for deals and
laying off processors we close deals in fifteen days. 

Bank employees don't have a full set of products.