We are pleased to announce our “Fast 15!” We are shortening our fast escrows from 17 days to 15 days.
We are able to do this b/c we have learned how to navigate TRID, and we can get CDs out early. We love offering fast closings, even in slower markets, b/c they make JVM-financed offers as good as cash (something we often hear Realtors say).
We have substantial experience with fast escrows and we are well aware of the issues that can surface. Many lenders that promise fast escrows can’t perform b/c they are oblivious to these issues.
Everybody has to be on board.
1. Appraisers. Appraisals have to be ordered as a rush and they need to be back in 3 – 5 days, so any potential issues can be addressed.
2. Escrow Officers. Slow escrow officers are a major holdup for us. Realtors need to make sure their escrow teams know we need info and responses within hours, not days.
3. Buyers. Buyers must be ready to scramble to obtain updated documents and insurance immediately.
4. Realtors. Listing and selling agents need to be 100% on board too, for appraisal access, property info, contract info and addenda, and any other requests that may pop up.
Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 310167
