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Jan 22, 2021
1:38:05pm
mulletino UT,AZ,TX,CO,ID,OR,FL,NM
They literally lose money whenever a loan is locked and not closed (futures contracts). So you can't just be willy-nilly
especially with someone who is prone to shop you to the nub over and over again. These same types will do it again and again prior to closing. So if you do it consistently not only do you lose money on the previously locked loan(s) but you open yourself up to additional losses/internet message boards telling the world that you'll do it for anyone and potentially crushing a lender's business.

If you're a broker and it happens too much you risk permanently being cutoff from certain wholesale lenders.

Not every lender is some enormous bank with unlimited financial backing.
This message has been modified
Originally posted on Jan 22, 2021 at 1:38:05pm
Message modified by mulletino on Jan 22, 2021 at 1:38:40pm
Message modified by mulletino on Jan 22, 2021 at 1:39:19pm
Message modified by mulletino on Jan 22, 2021 at 1:40:29pm
mulletino
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mulletino
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