Easiest Lenders to work with?

[Michael Scott]

Who are some of the lenders you have gotten Shorts done with that were good to work with?

My Favorites:
WACHOVIA-Only ask for authorization, Purchase Contract, HUD1, and Proof of funds. Just got an approval and submitted the packet 13 days ago. Plus they take a good percentage of BPO/Appraisal. They move fast!

ASC-The Milwaukee office moves very fast in my experience

AURORA-Used to be my favorite but are becoming slower. Now they say once the file is assigned that they have 90 days.(have the homeowner call and complain, helps a lot)

HOMECOMING/GMAC-Easy to work with once the file gets assigned. Love the Philly and Dallas office.

AHM-Slow at first but have gotten them to take the lowest percentage of their perceived value...73.6

WELLS FARGO-Same as ASC

M&I-Easy to work with.

PROVIDENT FUNDING-Easy

LITTON LOAN-Still solid but getting slower

ONE WEST/INDYMAC: So slow but the BPO company(Fidelity Info. Service) they use instructs their agents to come in below whatever it is on the market. Even after the BPO, you are looking at 45-60days for the approval.

GREENTREE-Usually a 2nd and always want 5% of sales price

HOMEQ-Great! Very fast and actually return calls quickly

MIDLAND/MID FIRST-Biggest deal i've done. Only dealt with them that once though.

SELECT PORTFOLIO-Used to love them but have not had one with them in 6-7 months

WILSHIRE- Same as SELECT

EMC-they had my favorite negotiator. Did 11 deals with him. Not a fan of Chase though and since they merged they aren't the same to deal with.

FIRST HORIZON-once assigned they are fine but that part takes usually 30-45days

Lenders I just refuse to work with:

COUNTRYWIDE/BofA-waste of time

FIFTH THIRD-brain damage

Ocwen- done some deals with them but am forced to talk with someone from the Caribbean every time I call

CHASE-Hate'em but am trying them again since they merged and heard they use Fidelity Information Service now.

Not too terrible but not my favorite:

Suntrust
Saxon
ING
CIti Mort
Citi Res
US Bank
BankUnited
WAMU
National City

PLease share your good and bad experiences. I am sure I will remember some more later