FAQ  |  Search  |  Memberlist  |  Usergroups   |  Register  |  Profile  |  Log in to check your private messages  |  Log in 

 Provident Funding Suck View next topic
View previous topic



Post new topicReply to topic
Author Message
Snets
Nitroglycerin


Joined: 12 Nov 2008
Posts: 875
Location: Palm Beach County

Re: Provident Funding Suck
PostPosted: Sat Feb 18, 2012 12:33 am Reply with quoteBack to top

Man - this site used to be a good place to exchange ideas and keep up to date on all things mortgage - what happened?
View user's profileSend private messageSend e-mailVisit poster's website
Aaron
A-Bomb


Joined: 24 Jan 2007
Posts: 824
Location: Atlanta, GA

Re: Provident Funding Suck
PostPosted: Sun Feb 19, 2012 8:57 pm Reply with quoteBack to top

Snets wrote:
Man - this site used to be a good place to exchange ideas and keep up to date on all things mortgage - what happened?


Maybe it has something to do with users who have time to whine but no time to write something discussion-worthy... or at least report spam posts ;)))))

Or maybe it's that the industry simply contracted by 90%....

Or maybe it was the frivolous lawsuits inflicted upon us by collapsing mtg companies that effectively bankrupted ML-Implode and prevented us from building up...

We report, you decide ;))))
View user's profileSend private message
Snets
Nitroglycerin


Joined: 12 Nov 2008
Posts: 875
Location: Palm Beach County

Re: Provident Funding Suck
PostPosted: Mon Feb 20, 2012 3:14 am Reply with quoteBack to top

Aaron - what's with the attitude - I have been a loyal poster on here for a long time - there was nothing personal in my post - I was lamenting the loss of a valuable resource, (at least to me) not attacking the managers of the site - lighten up dude
View user's profileSend private messageSend e-mailVisit poster's website
Aaron
A-Bomb


Joined: 24 Jan 2007
Posts: 824
Location: Atlanta, GA

Re: Provident Funding Suck
PostPosted: Mon Feb 20, 2012 3:16 am Reply with quoteBack to top

Snets wrote:
Aaron - what's with the attitude - I have been a loyal poster on here for a long time - there was nothing personal in my post - I was lamenting the loss of a valuable resource, (at least to me) not attacking the managers of the site - lighten up dude


Ok sorry I took it as an attack then! Misunderstood you.
View user's profileSend private message
ClulessDad
Dyn-o-mite!


Joined: 17 Jul 2009
Posts: 224
Location: SoCal

Re: Provident Funding Suck
PostPosted: Tue Feb 21, 2012 10:44 pm Reply with quoteBack to top

Hey Snets!
do you use Provident? i am having a very hard time clearing the easiset of two PTD's on a refi (now 6 days) without any clearing. I am wondering if they ran out of money?

Anyone else having the same issue?

_________________
Your word should be, by definition, a promise.
Underpromise and overdeliver
View user's profileSend private message
Snets
Nitroglycerin


Joined: 12 Nov 2008
Posts: 875
Location: Palm Beach County

Re: Provident Funding Suck
PostPosted: Wed Feb 22, 2012 7:49 am Reply with quoteBack to top

Dad - nope - I don't use them - I started one deal with them and then pulled it - mostly because of stuff I've read on here. (and that's what I was talking about, above) I understand they have great rates and I still get their interday pricing changes which really helps me - but they just sounded way too unpredictable and capricious to add to my mix.
Good luck with your conditions though.
View user's profileSend private messageSend e-mailVisit poster's website
Talent Seeker
Dud?


Joined: 09 Aug 2011
Posts: 17
Location: Houston, Tx

Provident
PostPosted: Wed Feb 22, 2012 5:16 pm Reply with quoteBack to top

What I found was that they did a final check at closing and ALWAYS found something at the last moment, rather than taking care of it in underwriting. You earn every penney of the "better rate" you get! Shocked

_________________
I'm committed to providing a service worthy of your endorsement.
View user's profileSend private message
klifffy
Cherry Bomb


Joined: 03 Aug 2007
Posts: 185

Loan funding
PostPosted: Thu Feb 23, 2012 12:17 am Reply with quoteBack to top

they won't fund it until one of two things happen. 1) rates improve and they can fund that loan that they didn't proplerly hedge for or 2) wait until your lock expires and then your done unless rates are lower.
View user's profileSend private message
ClulessDad
Dyn-o-mite!


Joined: 17 Jul 2009
Posts: 224
Location: SoCal

Re: Provident Funding Suck
PostPosted: Sat Feb 25, 2012 4:45 pm Reply with quoteBack to top

I think it had something to do with the Gfees. As soon as I extended it for .5pt worse than my original lock, the PTD's were cleared in like 3 minutes (no joke) and docs were drawn in less than 24 hours. How can you fight something like this? UGGH

_________________
Your word should be, by definition, a promise.
Underpromise and overdeliver
View user's profileSend private message
achtung
Nitroglycerin


Joined: 03 Jun 2010
Posts: 716
Location: Germany

Re: Provident Funding Suck
PostPosted: Tue Feb 28, 2012 2:39 pm Reply with quoteBack to top

Maybe they will finally get things back in order after their attempt to secure more funding through their IPO.

_________________
“Debt and deficits are not inventions of ideology. They are facts of arithmetic.”

– Paul Martin
View user's profileSend private message
Display posts from previous:      
Post new topicReply to topic


 Jump to:   


Merge topics 

View next topic
View previous topic
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum




Powered by phpBB 2.0.22-2 (Debian) © 2001, 2002 phpBB Group :: FI Theme :: All times are GMT