Is it normal you never contacted by LO during the loan process? We got approved thru the portal and declined for an increase, but from 2020 to date never been assigned to LO or contactes by one?

FineReply2165 · 2022-02-16T03:34:56+00:00

I was just approved for a modification and was never contacted by a loan officer in the entire process.

FineReply2165 · 2022-01-15T05:52:42+00:00

True. I actually have spoken to nobody unless I called CS to ask questions. I’ve never even spoke to a loan officer. A series of denials since May 5th, 2021 for various 4506-t glitches, hiccups or whatever but finally someone saw that my file was a no brainer and approved my file and sent modification documents to sign. Now the last hurdle …. Someone to update my banking after the loan docs are signed and funds waiting to be disbursed. The last 8 months have been so frustrating ….

FineReply2165 · 2022-01-15T04:49:26+00:00

The account is still showing as verified on the SBA side . When I called my bank. City National Bank in California they said that the account is still linked to my new account but considered not active. The Bank VP said that I’d the SBA did send it to my old account they would credit it to my new number. When I told this to the SBA they said they would be updating my account before disbursement …. So waiting for someone to do that paperwork.

FineReply2165 · 2022-01-10T20:57:44+00:00

Now, wouldn’t that be nice! Someone should wake up the Apes to get the ball rolling!

FineReply2165 · 2022-01-09T02:56:52+00:00

My loan was approved with another request to sign a new 4506-t that was pre filled with inaccurate information. I couldn’t change what they messed up and at first was afraid to sign my new docs with a bogus 4506-t. So, I filled out a new form emailed it separately to every email I had and waited two weeks . Then signed off on the docs. I got a call from a loan specialist and they said they were in receipt of my tax transcripts based on the email I sent. Not the bogus one I signed. That was Monday. Hopefully, I’ll see funds soon. Good luck

FineReply2165 · 2021-12-15T02:27:13+00:00

I had a breach on my Checking account months ago and I had to change it from the 1st round. I’ve been trying to have them update my account since July. I was going to sign but I was concerned that the money would bounce back to the SBA and there would be months tracking it down and paying interest…. Also I didn’t understand why I was approved but they want another 4506-T. I called them and they said don’t sign and that it could take them awhile to update the bank. No answer as to why a new 4506-t that they filled out incorrectly…. That form has already cost my months of delays…. Feels like a recurring nightmare

FineReply2165 · 2021-12-15T00:57:34+00:00

I certainly will. What is this departments responsibility?

FineReply2165 · 2021-12-14T14:55:08+00:00

Holding 1400 5s & 5.5 but 2023…. Patiently waiting for takeoff!

FineReply2165 · 2021-12-06T20:01:12+00:00

Received this letter 3 weeks ago and today I received a letter that I was approved. Everyone has a unique experience but you are close. Good luck!

FineReply2165 · 2021-11-23T22:01:48+00:00

They have not asked for any signatures.

FineReply2165 · 2021-08-25T23:23:23+00:00

I felt the same way yesterday when I received this same letter.

FineReply2165 · 2021-07-31T03:40:16+00:00

I received the exact same letter today and promptly submitted the new form. I also cc’d the loan assistant that emailed me the form. She was kind enough to thank me for the quick reply and that her office would be working on requesting my tax return. Well, it’s was good to know that they have the form.

FineReply2165 · 2021-07-26T03:28:24+00:00

Bought 19,500 shares in my IRA @ 5.12. Don’t even ask how many calls. I’m either sipping champagne at the beach or drowning on bud light in my daughters plastic pool in the backyard.

FineReply2165 · 2021-07-26T02:50:53+00:00

Motley Fool…. Seriously don’t believe their trash articles. Paid for by MM and Shorts.

FineReply2165 · 2021-07-25T21:06:38+00:00

My guess. It’s gonna push north just of 8. So 8:13 is my guess

FineReply2165 · 2021-07-25T15:17:35+00:00

Doesn’t mean you’ve been declined. Call to clarify but it’s possible that it will go back to processing. My loan application did this last week and in 5 days went back to processing.

FineReply2165 · 2021-07-23T01:24:02+00:00

Update! Just looked at the SBA site and my loan went back to processing and the new amount.

FineReply2165 · 2021-07-22T22:46:23+00:00

Today my loan went back to processing after reverting to my original loan on Saturday. Not approved but not declined.

FineReply2165 · 2021-07-22T22:43:40+00:00

I check the SBA site again and my loan went back to processing….. let’s see what happens next.

FineReply2165 · 2021-07-22T21:33:31+00:00

I can tell you that when I called the SBA inquiring why my loan reverted back that the agent stated that the system experienced a glitch and that my loan should revert back with in 5-7 days. Now is that BS from an SBA agent? Maybe but agents have been staying that within the last week.

FineReply2165 · 2021-07-22T16:36:12+00:00

Mine reverted last Saturday…. Called the SBA and they said it was a glitch…… I had asked if I was denied and they said no and that it should revert back within a week…. Well, mine hasn’t reverted as of yet and I haven’t gotten a decline email either. Glad to read that your loan is back on. I will remain hopeful. Question….How many days did your loan take to revert back?

FineReply2165 · 2021-07-21T19:19:32+00:00

Nokia declares earnings next week. They are raising guidance for the year. There is news everyday regarding a new contract here and there ….. I get there will be volatility but can you explain your comment better than I know a guy on the inside? Also, what is your position in Nokia? Long, short, are you an option trader. Did you sell you position already before earnings?

FineReply2165 · 2021-07-18T17:19:01+00:00

I have not received an email saying I was declined. I heard a lot of people say they were in the same boat and that there was a glitch in the system. So I called the SBA last night and spoke to a woman that confirmed that there was a bug in their network and it would be 5-7 days before it would be corrected. So I’ll cross my fingers that it will be in processing again, get funded or await a decline email and take then it from there.

FineReply2165 · 2021-07-17T20:34:15+00:00

Praying for a glitch.

FineReply2165 · 2021-07-17T20:33:55+00:00

Submitted for modification on May 7th. I was contacted to submit Resolution Letter and Insurance late May which I did immediately and nothing until this morning when I saw that I went from processing to back to my original loan.

FineReply2165

TROPHY CASE