Mortgage Analyst meeting with a client to discuss VA loans. The JVM team are experts at VA loans. Reminder: We are VA Financing Experts. What makes us so good at them is the fact that we see more VA loans as a team over the course of a year than any one loan officer might see in an entire career. We love VA!

We also happily pay Per Diem Penalties if a transaction closes late for any reason within our control … even if that reason is remote. We do this b/c we like to put our money where our mouth is.

When we say we can close quickly, we mean it – and we back it up with our willingness to pay if we don’t close on time.

We recently had a transaction that required a departing residence appraisal of a property in the middle of Maine – where there are almost no appraisers. Our appraisal manager spent many hours and even days (no exaggeration) on the phone trying to track down an appraiser willing to travel to “Polukaville”. When he did finally find an appraiser, the turn time was ridiculous but it was all we could get … and it delayed our close. A one-off regulatory snafu then further delayed what was already a late close.

We could have easily argued that the issues were “way out of our control,” but we didn’t b/c the delays were still at the lender-level.

We paid the Per Diem happily b/c we like the buyers and the selling agent so much.

But – here’s the thing – we would have paid the Per Diem even if we didn’t like everyone so much. :)

We are good for our word.

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 1197176, NMLS# 310167

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