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Residential Finance Corporation Ensures Timely Closings

""Residential Finance Corporation,"":http://www.residentialfinance.com/ based in Columbus, Ohio, recently announced the launch of its new ""Purchase Loan Quick Reaction Force,"" a team dedicated to ensuring mortgage loans close on time.

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Daniel Jacobs, managing director of the company's retail branching division, points out meeting the transaction deadline is important for all participants in the home purchase process as it has the potential to make or break a sale.

""There's more competition for homes and there may be multiple offers,"" Jacobs said. ""Missing a contingency deadline and delaying the closing can mean the buyer will lose out on getting the house they want.""

Not only will this serve as a disappointment to a hopeful homeowner, but also, Jacobs said for a loan originator, meeting or missing a deadline ""can make the difference between keeping referral sources and losing them to a competitor.""

Residential Finance Corporation's ""Purchase Loan Quick Reaction Force"" works to anticipate potential problems or delays and address them early in the purchase process.

""By establishing our Quick Reaction Force, we are taking a proactive approach to make certain we provide an outstanding customer experience for borrowers, loan originators and real estate professionals,"" Jacobs said.

With refinances making up the majority of originations of late, ""many lenders have become less accustomed to the time-sensitive nature of home purchase loans,"" Jacobs said.

Jacobs said the new working group is proof of Residential Finance's focus on the purchase market.

Danny Kettle, owner of Help-U-Sell Legacy in Layton, Utah, says Residential Finance is his ""go-to lending resource"" for clients who don't already have a lender, asserting, ""their turn-time is great.""

About Author: Krista Franks Brock

Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia.
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