A checklist of needed documents(with approximate due timeframe) would be convenient to have. This document should be state specific.
It would be helpful for the bank to request documents sooner to avoid last minute confusion and uncertainty concerning loan approval. Also, the request for documents could be better organized to be more inclusive instead of a continual request for information. The home construction was completed as scheduled and a closing date was identified. The actual closing date was postponed two weeks due to additional required documentation. I felt as though no one had the leadership and management processing my loan approval.Although I was led to believe I had loan approval, my loan was not actually approved until the day before closing. This created a very embarrassing situation for me and my family.
The only issue I found is the appraiser that got selected was very slow and did not to anything in a timely manner.
