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Updated almost 3 years ago,

User Stats

45
Posts
12
Votes
Manraj Singh
  • New to Real Estate
  • San Diego
12
Votes |
45
Posts

Existing loan not Freddie Mac Complaint - underwriter error

Manraj Singh
  • New to Real Estate
  • San Diego
Posted

I had a call today where my loan servicer said that my existing loan ( financed in 2021 at 2.75%)  was no longer complaint. The issue was with the underwriting. They assumed a bigger RSU component in my assests at the time of funding.



To resolve the loan officer offering a loan at 2.625% with no closing costs ( rolled into the loan aswell). They are also really pushing and going ahead with the loan application despite me telling them not to at the moment ( i have another renovation loan in the process which i do not want to get affected ). 

My Q is, This seems to be quite odd. Has anyone had this before?