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Ask a loan processor.

Discussion in 'Off-Topic Discussion' started by 97yota4wd, Mar 12, 2012.

  1. Mar 12, 2012 at 3:09 PM
    #1
    97yota4wd

    97yota4wd [OP] Well-Known Member

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    Eric
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    alot of metal, small engine, decent travel.
    caged, camburg long travel, 50t leafpack (soon to be installed) light rack over cab, 5pt harnesses etc
    hey guys im a loan processor for bank of america and i know alot of people seem to think we (banks) like to screw people over or mess with you, if you feel that way ask away and ill use the best of my knowledge to answer your questions.

    i work on refinances with the making home affordable program. i have some knowledge of other types but mostly MHA!!

    for the record i believe what i do helps people big time and am a huge supporter.
     
  2. Mar 12, 2012 at 3:11 PM
    #2
    97yota4wd

    97yota4wd [OP] Well-Known Member

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    Eric
    Mesa, AZ
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    alot of metal, small engine, decent travel.
    caged, camburg long travel, 50t leafpack (soon to be installed) light rack over cab, 5pt harnesses etc
    also, if people have their bad views of bank of america i can also give my opinion on us and other banks and why we are criticized so much.

    i have been a processor at chase and bofa. harp loans with chase and mha with bofa. (they are the same thing between banks)
     
  3. Mar 12, 2012 at 3:17 PM
    #3
    coffeesnob

    coffeesnob Well-Known Member

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    clark howard has an awful opinion about BOA. I have been with BOA since 06 and so far am fairly pleased with the service. My only gripe is that they charged me for a copy of an old cancelled check ( about two years old) all they have to do is press a key on their computer and print it out, but no...they take 5 to 8 business days and chraged 5 bucks.
     
  4. Mar 12, 2012 at 3:22 PM
    #4
    Doc35

    Doc35 Well-Known Member

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    No offense, but if I'm looking for a loan processor one requirement is that they're over 19 years old.
     
  5. Mar 12, 2012 at 3:25 PM
    #5
    LAoffroadin

    LAoffroadin BURY ME WITH MY TACO!!

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    hey i think its very nice of you to put yourself out there and offer help, this retired ff guy is just old and grumpy. im a fire fighter also and we dont treat people like that nowadays...
     
  6. Mar 12, 2012 at 3:28 PM
    #6
    tacotrd647

    tacotrd647 Resident "dude"

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    I have a student loan thru Chase...holy hell what a mistake that was.:mad:
     
  7. Mar 12, 2012 at 3:32 PM
    #7
    Doc35

    Doc35 Well-Known Member

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    Not old or grumpy, just require some experience in one of the largest investments a person will ever make. I've purchased and sold more homes than years he is old. As I said, no offense to him but I personally require a bit of experience when investing that much cash. I wish him the best and hope he prospers in his chosen profession. :)
     
  8. Mar 12, 2012 at 3:35 PM
    #8
    LAoffroadin

    LAoffroadin BURY ME WITH MY TACO!!

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    ICON stage 5 coilers w/ ICON ucas, dakar leaf pack with Fox rears, k&n cai, LED cab light, raceline 16 inch wheels , toyo m/t 33",painted front yota emblem gloss white, retrofit headlights with mirrimoto 3 " lenses running the 6k headlights. Bhlm, bestopper, wet okole seat covers (max 4), weather tech mats,winch with piaa fogs. All pro apex front bumper. Sliders etc
    Well retiredff other than his age how do you know what experience he has? nothing personal, i just dont judge a book by its cover...
     
  9. Mar 12, 2012 at 3:36 PM
    #9
    Shemicals

    Shemicals Well-Known Member

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    Im also a loan processor haha nice to know your one of "us"
     
  10. Mar 12, 2012 at 3:38 PM
    #10
    97yota4wd

    97yota4wd [OP] Well-Known Member

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    caged, camburg long travel, 50t leafpack (soon to be installed) light rack over cab, 5pt harnesses etc


    see now that’s where I’m not very smart at, I don’t know what a lot of the really smart people of the industry have to say.

    but from what I have seen b of a treats their employees extremely well, its half the reason I’m back at b of a from chase.

    the other half is the way chase actually processed loans, they just try to get them through to underwriting. b of a doesn’t take short cuts and their regulations for certain loans are so much worse than anywhere else including chase because of the past. I really believe in my center, my big big big boss and everyone else is all about making the customer happy and processing a good loan.



    no offense but if you’re looking for good work your going to go where the knowledge and hard work is, not where the properly aged people work.

    b of a felt I have been qualified regarding my knowledge and my hard work since I was just 17 years old, yes I have been working for b of a since I was still a senior in high school processing loans and assisting processors.

    chase also felt I was qualified with my previous experience and hired a 18 year old. the youngest loan processor for chase and bank of America is/was yours truly.

    I have always been in the top 3 on every single team I have been on and I have proven myself as a young adult and a loan processor. thanks:)



    it’s all good, thank you!
     
  11. Mar 12, 2012 at 3:38 PM
    #11
    97yota4wd

    97yota4wd [OP] Well-Known Member

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    Eric
    Mesa, AZ
    Vehicle:
    alot of metal, small engine, decent travel.
    caged, camburg long travel, 50t leafpack (soon to be installed) light rack over cab, 5pt harnesses etc

    where do you work? which type of loans?

    do you find yourself stressing out really hard at work?
     
  12. Mar 12, 2012 at 3:42 PM
    #12
    97yota4wd

    97yota4wd [OP] Well-Known Member

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    Eric
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    alot of metal, small engine, decent travel.
    caged, camburg long travel, 50t leafpack (soon to be installed) light rack over cab, 5pt harnesses etc
    wow DH! never knew that haha. which type of loans? refis or purchases?
     
  13. Mar 12, 2012 at 3:43 PM
    #13
    Doc35

    Doc35 Well-Known Member

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    Actually thinking back from past experience, you guys may just be the ticket. I've had some "older" processors and they didn't know their ass from a hole in the ground. Thanks for enlightening me, my apologies for any unintended insults.
     
  14. Mar 12, 2012 at 3:45 PM
    #14
    Shemicals

    Shemicals Well-Known Member

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    Landhome Financial AMX Wholesale division - We do lots of business with BOA.

    I work 115 hours every two weeks. I however, do not stress. I don't let myself get stressed out.

    We do Conventional, FHA, USDA, MH (i dont do MH - we have a specialist in Minnesota for that), CHDAP, 203kB, Streamlines, USDA, Homepath, and more.
     
  15. Mar 12, 2012 at 3:45 PM
    #15
    97yota4wd

    97yota4wd [OP] Well-Known Member

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    Eric
    Mesa, AZ
    Vehicle:
    alot of metal, small engine, decent travel.
    caged, camburg long travel, 50t leafpack (soon to be installed) light rack over cab, 5pt harnesses etc
    every bank you go to there will be jackasses. i know some at b of a and chase. its like cops, alot are nice and good, some are dicks and dont do things right.

    so you can feel how ever you like, but if i was ever your loan processor i would work my hardest and do my best for every customer. thats how i was trained. :)
     
  16. Mar 12, 2012 at 3:47 PM
    #16
    97yota4wd

    97yota4wd [OP] Well-Known Member

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    Eric
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    alot of metal, small engine, decent travel.
    caged, camburg long travel, 50t leafpack (soon to be installed) light rack over cab, 5pt harnesses etc
    dang that must suck haha
    i try not to stress, but we just switched from centralized (we used to use mlos in our building) now were using mlos from branches and they all work to make my life harder it seems lol.

    i am pretty lucky, im strictly MHA refinances haha. one of the easiest ones but its still hard as hell
     
  17. Mar 12, 2012 at 3:48 PM
    #17
    Doc35

    Doc35 Well-Known Member

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    Excellent, that's the kinda folks I like working with.

    I guess an old dog can learn new tricks. ;)
     
  18. Mar 12, 2012 at 3:52 PM
    #18
    97yota4wd

    97yota4wd [OP] Well-Known Member

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    alot of metal, small engine, decent travel.
    caged, camburg long travel, 50t leafpack (soon to be installed) light rack over cab, 5pt harnesses etc
    TRUE DAM STORY. i have 40 hours of wasted time in the past 3 weeks because people try to do things the old way and it messes up what i need to do. :/
    same, im learning so much every single day
     
  19. Mar 12, 2012 at 3:53 PM
    #19
    Doc35

    Doc35 Well-Known Member

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    I hear ya, more times than I can count I've had to do the face rub as these older folks drag shit out unnecessarily.
     
  20. Mar 12, 2012 at 3:53 PM
    #20
    TroutBum

    TroutBum Well-Known Member

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    BoA sold my mortgage to Green Tree in December. It's been nothing but a complete headache since. GT sucks, doesn't pay bills out of escrow on time, forcing me to deal with collection notices and having to pay out of pocket for items that are supposed to be paid from the escrow account (property taxes). They've also made over $400 'disappear' from my escrow account, so the battle with these jokers continues.

    Bought my house five years ago, so with the downturn in the housing market, I'm way upside down and can't refi to get away from GT. Life is great, thanks BoA.

    Mike
     
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