Thursday a representative from Bank of America came with a big package that had a letter, plaque, and Preferred Broker seals to put on our loan packages. We were awarded a Preferred Broker award. We have a 97% rating she said.
They rate you by how many loans are submitted and approved and how many remain good loans and also on how complete your loan packages are. She said there were really not that many who received the award.
"So many people submit incomplete packages and ours are done so well," she says. We now receive free appraisals and free locks and our loan packages move to the front when submitted. Quite an honor!
Bank of America has became very aggressive and well-organized in the wholesale loan business so I enjoy working with them, too. I sent John's loan there even though he works for Countrywide. He also received a special rate there for buying a house in the inner city, something the Feds have come up with I guess.
Anyway I am feeling very happy about this!!! All my hard work and organization may be paying off!