Matt Fellman
01-03-2008, 02:42 PM
Is anyone else getting a run of off the wall requests from lenders? Usually via an agent or loan broker? I've had some just priceless calls lately.
"Um, yeah, the underwriter just needs you to write up something stating that the roof will last for the next 5 years...."
Or I get sent these wish lists of stuff that some guy in an office somewhere has determined is important.... usually, these are just randomly selected from my report (why the lenders are getting a hold of the entire report is a whole other question).
It's strange because the stuff has nothing to do with pest and dry rot or even perceived safety issues. It's like someone just threw darts and the report and that's what they want fixed.
I figure it's just another sign that the lending industry is in total chaos right now... it's just funny. I've had about a half dozen of these calls over the last month or so. I think a lot of these lenders are so new that they don't even remember back when pest and dry rot reports mattered. It might have been a regional thing but from about 2002 to 2006 I can count on one hand the number of times anyone mentioned needing a p/d report... prior to that the whole thing seemed to hinge on that.
"Um, yeah, the underwriter just needs you to write up something stating that the roof will last for the next 5 years...."
Or I get sent these wish lists of stuff that some guy in an office somewhere has determined is important.... usually, these are just randomly selected from my report (why the lenders are getting a hold of the entire report is a whole other question).
It's strange because the stuff has nothing to do with pest and dry rot or even perceived safety issues. It's like someone just threw darts and the report and that's what they want fixed.
I figure it's just another sign that the lending industry is in total chaos right now... it's just funny. I've had about a half dozen of these calls over the last month or so. I think a lot of these lenders are so new that they don't even remember back when pest and dry rot reports mattered. It might have been a regional thing but from about 2002 to 2006 I can count on one hand the number of times anyone mentioned needing a p/d report... prior to that the whole thing seemed to hinge on that.