Search found 46 matches

by newbiead
Thu Oct 01, 2020 11:27 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

My first loan payment is due October 1, and I tried what others here had suggested and it worked. Go this link, enter your info — the loan ID is the loan account number. Mine didn’t work at first, I contacted Diego by email, he got back within a day and said to wait until today, Today it worked. So...
by newbiead
Mon Sep 28, 2020 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

Ok guys, HELP! I just tried to apply for a LF Refi, 400k loan value, home is worth 600k+. Here is the message I got from the website. Due to COVID-19 and its economic effects, we are not offering loans above $331,760.00 at this time. Please revise your loan amount to continue, or call your loan off...
by newbiead
Mon Sep 28, 2020 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

Jagger wrote: Mon Sep 28, 2020 12:36 pm It likely means the following:

Go to https://myloanweb.com/lenderfi/AccountVerification.aspx and set up an online account (BSI Financial is the sub-servicer).

Then you'll have access to account and payment information.
I already did that last week. So maybe it is just a delayed email :O
by newbiead
Mon Sep 28, 2020 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I just got an email from BSI Financial that says:
An eNotices is now available.
Anybody knows what this means or where to check what ?
by newbiead
Fri Sep 25, 2020 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

Thanks all. I guess the good news is that LenderFi seems to now have a servicing payment portal and you can set up automatic ACH payments. There is an article in the WSJ today about them problems that the mortgage industry is facing. My online account shows $0 for my escrow balance even though it s...
by newbiead
Fri Sep 25, 2020 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

Is your first payment due on Oct 1? Any news from Diego/Lenderfi on Portal access? Or did you mail a check? Yes, mine is due Oct 1. No, I haven't mailed a check because I have neither received any instruction from LenderFi nor any coupon. And Diego says loan will be live soon on their servicing por...
by newbiead
Fri Sep 25, 2020 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I got a snailmail from Fannie Mae that LenderFi sold my mortgage to them. But the servicing will still be done by LenderFi. I guess that is normal? Is your first payment due on Oct 1? Any news from Diego/Lenderfi on Portal access? Or did you mail a check? Yes, mine is due Oct 1. No, I haven't maile...
by newbiead
Fri Sep 25, 2020 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I got a snailmail from Fannie Mae that LenderFi sold my mortgage to them. But the servicing will still be done by LenderFi. I guess that is normal? Is your first payment due on Oct 1? Any news from Diego/Lenderfi on Portal access? Or did you mail a check? Yes, mine is due Oct 1. No, I haven't maile...
by newbiead
Fri Sep 25, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I got a snailmail from Fannie Mae that LenderFi sold my mortgage to them. But the servicing will still be done by LenderFi.
I guess that is normal?
by newbiead
Tue Sep 22, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I closed my loan 3 weeks ago. And, no word from servicing on how to pay my mortgage payments. My payment is due Oct 1. Tried calling "Diego Alvarado" from whom I got last email 3 weeks ago saying : We will send you temporary coupons with the address and instructions on how to make your first mortga...
by newbiead
Tue Sep 22, 2020 1:57 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I closed my loan 3 weeks ago. And, no word from servicing on how to pay my mortgage payments. My payment is due Oct 1. Tried calling "Diego Alvarado" from whom I got last email 3 weeks ago saying : We will send you temporary coupons with the address and instructions on how to make your first mortga...
by newbiead
Mon Sep 21, 2020 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I have been having issue with servicing post close. At the table they told me servicing would be sold, and to wait to get info from the "interim servicing" department before mailing a payment. No problem, not unusual... Never heard anything after that and finally had to call/email the week before m...
by newbiead
Mon Sep 21, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I closed my loan 3 weeks ago. And, no word from servicing on how to pay my mortgage payments. My payment is due Oct 1. Tried calling "Diego Alvarado" from whom I got last email 3 weeks ago saying : We will send you temporary coupons with the address and instructions on how to make your first mortgag...
by newbiead
Thu Sep 17, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

Does anyone know what goes into who ends up servicing the loan. I see that certain loans are sold off to Well Fargo but some remain at LenderFi. Is LenderFi keeping those that will make them more money? Or some different criteria? This is just my speculation, but I would think they don't want to ho...
by newbiead
Wed Sep 02, 2020 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I want to say "Thank you" to everyone in this thread and mega-refi thread. Closed the loan with LenderFi yesterday at 2.5% 30 yr. Start to end exactly a month. Now just need to make sure I get my escrow amount back from Wells Fargo and the "few hundred dollars" that LenderFi paid extra to Wells as ...
by newbiead
Tue Sep 01, 2020 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I want to say "Thank you" to everyone in this thread and mega-refi thread. Closed the loan with LenderFi yesterday at 2.5% 30 yr. Start to end exactly a month. Now just need to make sure I get my escrow amount back from Wells Fargo and the "few hundred dollars" that LenderFi paid extra to Wells as ...
by newbiead
Tue Sep 01, 2020 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I want to say "Thank you" to everyone in this thread and mega-refi thread. Closed the loan with LenderFi yesterday at 2.5% 30 yr. Start to end exactly a month. Now just need to make sure I get my escrow amount back from Wells Fargo and the "few hundred dollars" that LenderFi paid extra to Wells as ...
by newbiead
Tue Sep 01, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I want to say "Thank you" to everyone in this thread and mega-refi thread. Closed the loan with LenderFi yesterday at 2.5% 30 yr. Start to end exactly a month. Now just need to make sure I get my escrow amount back from Wells Fargo and the "few hundred dollars" that LenderFi paid extra to Wells as d...
by newbiead
Tue Sep 01, 2020 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516151

Re: Refinance Mega Thread

Can somebody summarize what do we need to check once the Refi is closed with respect to making sure the lien from previous lender is gone? ( I know I have seen this somewhere on the thread but I am unable to find it now )
by newbiead
Tue Sep 01, 2020 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

So did you guys have to mail in the check for atleast the first month then if it took a month to get the online ACH setup ? No, I didn't. I closed on 7/18, my first payment not due till 9/1. On 8/19 I was able to create and account and set up ACH to start on the 1st. same for me as well. First paym...
by newbiead
Tue Sep 01, 2020 9:06 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

Loan closed on 8/11, funded on 8/17 and now I can see it on my old Wells Fargo account, even though closing documents said LenderFi would be the servicer. Overall a smooth transaction and would look to use them again next year if rates trend a bit lower. That's surprising! Since they didn't mention...
by newbiead
Fri Aug 28, 2020 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

What is the latest on the servicing part with LenderFi? Can anybody share their recent experience. Earlier in the forum here from March/April/May time people were apprehensive that there wasn't an operational online portal and were worried they would have to mail their monthly checks in. LenderFi r...
by newbiead
Thu Aug 27, 2020 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

What is the latest on the servicing part with LenderFi? Can anybody share their recent experience. Earlier in the forum here from March/April/May time people were apprehensive that there wasn't an operational online portal and were worried they would have to mail their monthly checks in.
by newbiead
Thu Aug 27, 2020 12:56 am
Forum: Personal Consumer Issues
Topic: Debt collector for traffic violation in another country
Replies: 6
Views: 818

Debt collector for traffic violation in another country

Please I need some advice.. My wife had been to Italy 4 years ago and apparently she had a traffic violation (still need to figure out what exactly was it). Now, we moved houses since then. Recently, some debt collection agency calls her and tells her that she had a traffic violation and owes $400 U...
by newbiead
Wed Aug 26, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516151

Re: Refinance Mega Thread

Can somebody please explain how does this work. My final loan closing doc says loan amount of 700K. But my outstanding principal is only 697K. I thought they would re adjust the amount towards end of the closing now. Should I point this out to my new lender or will I somehow get the difference back...
by newbiead
Wed Aug 26, 2020 1:23 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

How do you guys prefer to pay the closing amount to Amrock? Should I wire or ACH? Or it doesn't matter. I think I read earlier somewhere that there was no confirmation for ACH?
by newbiead
Tue Aug 25, 2020 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516151

Re: Refinance Mega Thread

Can somebody please explain how does this work. My final loan closing doc says loan amount of 700K. But my outstanding principal is only 697K. I thought they would re adjust the amount towards end of the closing now. Should I point this out to my new lender or will I somehow get the difference back...
by newbiead
Tue Aug 25, 2020 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516151

Re: Refinance Mega Thread

Can somebody please explain how does this work. My final loan closing doc says loan amount of 700K. But my outstanding principal is only 697K. I thought they would re adjust the amount towards end of the closing now. Should I point this out to my new lender or will I somehow get the difference back ...
by newbiead
Tue Aug 25, 2020 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516151

Re: Refinance Mega Thread

Owning.com updated their site today with separate numbers for Rate and APR. This is surprising, I guess they're no longer doing zero-cost loan adverts. Looks like they are!? From Owning : https://owning.com/disclosure Closing Costs Owning will pay the following third party closing costs on behalf o...
by newbiead
Tue Aug 25, 2020 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516151

Re: Refinance Mega Thread

Owning.com updated their site today with separate numbers for Rate and APR. This is surprising, I guess they're no longer doing zero-cost loan adverts. Looks like they are!? From Owning : https://owning.com/disclosure Closing Costs Owning will pay the following third party closing costs on behalf o...
by newbiead
Tue Aug 25, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

LenderFi reached out and assigned a day for notary for tomorrow. But I haven't received any final closing amount. Am I missing something here? Are we not supposed to cut the check to them on the same day for any closing cost? I got the final closing disclosure very shortly before getting an appoint...
by newbiead
Tue Aug 25, 2020 10:33 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

LenderFi reached out and assigned a day for notary for tomorrow. But I haven't received any final closing amount. Am I missing something here? Are we not supposed to cut the check to them on the same day for any closing cost? I got the final closing disclosure very shortly before getting an appoint...
by newbiead
Tue Aug 25, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

LenderFi reached out and assigned a day for notary for tomorrow. But I haven't received any final closing amount. Am I missing something here? Are we not supposed to cut the check to them on the same day for any closing cost?
by newbiead
Mon Aug 24, 2020 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516151

Re: Refinance Mega Thread

OK. Just got a date for a notary to come over for signing. Is it what is called closing? And is that the day when we are supposed to bring any checks needed for escrow, etc?
by newbiead
Mon Aug 24, 2020 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I signed my pre-closing with LenderFi on Aug 13. No response after that. Does it take this long after that? What are the next steps? I signed my pre-closing on Aug 10th. Only other update was from Amrock (title company). Noting really after that...just standing by. Quick update - received a call fr...
by newbiead
Fri Aug 21, 2020 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I signed my pre-closing with LenderFi on Aug 13. No response after that. Does it take this long after that? What are the next steps? I signed my pre-closing on Aug 10th. Only other update was from Amrock (title company). Noting really after that...just standing by. Quick update - received a call fr...
by newbiead
Thu Aug 20, 2020 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

I signed my pre-closing with LenderFi on Aug 13. No response after that. Does it take this long after that? What are the next steps?
by newbiead
Fri Aug 14, 2020 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

My Lenderfi refinance experience... State - California Loan - $304,648 LTV - 59.7% Original Loan - 4.5 years into 30 year fixed at 3.99% Refinanced Loan - 15 year fixed at 2% Points - $5,267 (we have zero intention of moving in the next 15+ years so paid points to get to 2%) Closing Costs - $1,271 ...
by newbiead
Tue Aug 11, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516151

Re: Refinance Mega Thread

VCC wrote: Tue Aug 11, 2020 4:22 pm UWM announced today they will offer 1.99 30yr mortgages. No idea how many points that will require.
Where can we find who is going to offer this? Looks like their website is mostly targeted for brokers.
by newbiead
Thu Aug 06, 2020 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516151

Re: Refinance Mega Thread

I locked my rate with LenderFi(with escrow) and signed the LE, but I think I might be getting a better deal with Owning without an escrow. Can I just cancel my application with LenderFi. What do I need to tell them? Any suggestions?
by newbiead
Wed Aug 05, 2020 1:53 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1389
Views: 125931

Re: My LenderFi refinance is going well

For those refinancing with Lendersfi. Which company is the loan transferred to? I see that it shows on my docs that Lendersfi will transfer the loan. Is it one of the big banks, like Chase, Bank of America, Wells Fargo, etc? BSI Financial Services does the loan servicing. Would it vary from state t...
by newbiead
Wed Aug 05, 2020 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516151

Re: Refinance Mega Thread

texascrane wrote: Tue Aug 04, 2020 8:50 pm Thanks to this thread I applied with LenderFi. I’m in Texas and locked in a 30 year at 2.375 with no points.
Wow! Thats aswesome! Can you share your details? LTV? How much loan? Escrow?
by newbiead
Wed Aug 05, 2020 1:37 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516151

Re: Refinance Mega Thread

Sorry if this has been covered but can y’all help me work through the no-cost vs lower rate approach. I have an offer for 2.125 on a 15-year fixed and $4k in closing costs. I could pay $0 in closing costs and pay 2.375 which ends up being about $60 more per month. What would y’all do? This is a gre...
by newbiead
Tue Aug 04, 2020 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516151

Re: Refinance Mega Thread

Has anybody gotten a loan from LenderFi for an ARM ?
by newbiead
Tue Aug 04, 2020 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516151

Re: Refinance Mega Thread

My "no cost" LE from LenderFi asks me to fund escrow with a year's worth of the tax and insurance at closing. Is that standard practice? I've never had a loan with an escrow account before. Thank you. If you waive escrow, they will likely reduce your credits or increase your interest rate, so to ke...
by newbiead
Mon Aug 03, 2020 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516151

Re: Refinance Mega Thread

Thank you everyone for your insights. Locked a 30 yr 700K loan with LenderFi at 2.5 with no closing costs.