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Hi Guys....
For everyone who did the MCC from New York....
My loan officer said a certificate was reserved but we are waiting for an approval from SONYMA. Can you tell me what that means ? This last thing is holding up the closing.
I have the reservation as well... just need the approval... SONYMA has to look through all the docs and make sure we're all qualified... according to pp, the turnaround seems to be about 10 days... and i'm just at the 10 day mark now... so if i hear anything else soon, i'll let you guys know!
I called SONYMA myself to inquire about my app. They said once they receive all docs, that it should only take a max of 2 days to process my reservation! A spot was reserved for me 2 weeks ago and come to find out SONYMA hasn't recieved any paperwork... To anyone else waiting on WF for the mCC, they have no clue what they are doing when it comes to this... Ughhh...
I feel like I've been getting the run around this entire time with them... Anyone else feel like that???
Not too many banks seem to know about the program in general. This program is not available for retail loans from what I heard. So if you used a broker you are not able to participate.
I called SONYMA myself to inquire about my app. They said once they receive all docs, that it should only take a max of 2 days to process my reservation! A spot was reserved for me 2 weeks ago and come to find out SONYMA hasn't recieved any paperwork... To anyone else waiting on WF for the mCC, they have no clue what they are doing when it comes to this... Ughhh...
I feel like I've been getting the run around this entire time with them... Anyone else feel like that???
Hey lilbxqt,
I am in the same boat, can you give me the contact (phone / e-mail) at SONYMA to get in touch with ?
And what exactly to ask for ? My loan officer has not given me any case number, can they look it up by name or social ?
We had submitted all docs except one in mid-September. The loan officer said the certificate is reserved. We then gave the last doc on 20th Oct so that he can submit that too.... we are waiting since then.... he said we should have heard it last Tue, but no sign.
Hey lilbxqt,
I am in the same boat, can you give me the contact (phone / e-mail) at SONYMA to get in touch with ?
And what exactly to ask for ? My loan officer has not given me any case number, can they look it up by name or social ?
We had submitted all docs except one in mid-September. The loan officer said the certificate is reserved. We then gave the last doc on 20th Oct so that he can submit that too.... we are waiting since then.... he said we should have heard it last Tue, but no sign.
I got contact info from sonyma's site... SONYMA Home Buyers Hotline: 1-800-382-HOME (4663)
When I called, I asked the person who picked up that i wanted to check on the status of my mcc reservation. They then asked if I had gotten in touch with my bank first. I told her point blank that I was getting the run around and that I would rather hear directly from her. She only asked for the name on the reservation I believe. I did have my reservation on hand and ready to provide her with a case #, but was never asked. (Def get that from WF if you haven't already)
They told me my file was "pending" and that there had been no activity on the file since the date it was reserved. Keep pestering WF... keep them on their toes...
I got contact info from sonyma's site... SONYMA Home Buyers Hotline: 1-800-382-HOME (4663)
When I called, I asked the person who picked up that i wanted to check on the status of my mcc reservation. They then asked if I had gotten in touch with my bank first. I told her point blank that I was getting the run around and that I would rather hear directly from her. She only asked for the name on the reservation I believe. I did have my reservation on hand and ready to provide her with a case #, but was never asked. (Def get that from WF if you haven't already)
They told me my file was "pending" and that there had been no activity on the file since the date it was reserved. Keep pestering WF... keep them on their toes...
SONYMA is so busy, I can't seem to get thru to them....
I got contact info from sonyma's site... SONYMA Home Buyers Hotline: 1-800-382-HOME (4663)
When I called, I asked the person who picked up that i wanted to check on the status of my mcc reservation. They then asked if I had gotten in touch with my bank first. I told her point blank that I was getting the run around and that I would rather hear directly from her. She only asked for the name on the reservation I believe. I did have my reservation on hand and ready to provide her with a case #, but was never asked. (Def get that from WF if you haven't already)
They told me my file was "pending" and that there had been no activity on the file since the date it was reserved. Keep pestering WF... keep them on their toes...
My WF people told me that I should hear from SONYMA in 3 days after submitting all docs. It actually took about 10 business days. I emailed WF every other day to check status and was told it would be done on the next day every time. Not sure what causes the delay, but don't trust the 2 days processing time part. Keep calling your banker.
Another update on the MCC process....
The Reservation of the Certificate can be done before SONYMA receives the file for review from the Lender.
This is exactly what happened in my case. My loan officer said that Wells is very busy trying to clear the backlog in order to get the file to SONYMA and so its getting a bit delayed. Once SONYMA gets the file they should be able to review it within a few days.
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