Subordination for refinance

Your loan officer should be smart enough enough, and proactive enough to get around the stupidity of some of these situations instead of letting it sit in limbo. But seeing as you are likely working with just an application clerk, you will need to be the one to either call the title company yourself, or tell the Loan Officer to contact the title company, and have the title provide a preliminary HUD1 Settlement statement. That should work. Good Luck.

Wellllll ... there's ur problem!! Anytime you are dealing with the "big banks"... your almost never dealing with a qualified mortgage professional, but likely just an application taker.. when they are faced with any resistance at all, they just say no and move on to the next one.. your scenario can be fixed with just a phone call, but it's unlikely your application taker at Wells Fargo isn't competent enough to deal with it.. so you'll probably have to do it your self.. call the title company and ask them for a "Final Hud".. explain your scenario, and they will get it to you right away.. in the future, I would recommend you ditch the big boys, and start dealing with one of your local professional mortgage brokers.. this way you wont get stuck doing the job your paying someone else to do.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

The advice given by all in this forum is sound.

Yeah you have to kind of play the system. Have the title company do a final HUD for you with Wells Fargo's info and you act like it's the final HUD before closing. We have to do the same thing with the IRS. It should work with the SBA.

Have your Wells Fargo loan representative work with your escrow/closing agent to draw up a HUD statement. You should be able to use this as it is coming from the escrow company. SBA should accept this and you can get docs drawn and into closing.

No that isn't normal as it's impossible to have an executed HUD until they subordinate. Otherwise they would be in 1st. position after closing. That doesn't make sense. Keep pushing on them.

If I were you, I'd switch to a local Mortgage Broker or Mortgage Banker - Wells Fargo is too big and inflexible.