We engaged Federated for a difficult refinance (investment property, near 80% LTV). They were one of a small handful of companies that even made the cut. We started the process in late July, started signing the initial engagements by the second week of August, and closed on the loan by the end of September.
Our POC Robert Edner really did a great job balancing what I consider to be a difficult refi (I've several times so I know when they're easy and when they are hard). What made this especially difficult was that we were trying to refinance while the mortgage company was in the process of paying the property taxes, us making two very large purchases (requiring multiple credit checks with those) and other year-end activities that were pressing us financially. If there was a bad time for all this to happen, this was it... right in the middle of a refi.
Throughout the process Bob navigated us through all the choppy waters. He was extremely responsive, polite, not ego driven, and just an even keeled guy throughout this whole thing. He made himself available to us after hours, via email, and via phone from start to finish.
At the end, we completed the refi successfully, all the parts came together in one piece, and Bob made good on every promise he made. He definitely is a man of his word, and I respect that.
If I have a need for another mortgage/refi, I'll call him first. read more