Just got off phone with an upper level exec and was told...wait for it...that PNC has a grand total of THREE short sale processors. COMPANY WIDE. One of which has only been on the job for a month. Henceforth, docs requested by PNC not received within 48 hours will get your file closed, and they are at least two weeks behind on files, so plan accordingly.
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I hate PNC. Every one of my files with them is going NO where and I have contacts but none of them are valuable. This is not good news by any means. PNC, COO, and Midland are on my worst lenders for short sale list these days.
Was this for PNC firsts or seconds? They process them in separate departments.
I think my last PNC short sale was pretty quick, closed last month about 80 days from contract to short sale acceptance. This was a first mortgage serviced by PNC, Fannie Mae loan, no MI.