That was strongly in mind just last night, while signing 120+ pages of paperwork for a refinance.
Things for me to look forward to. (My closing is scheduled for Tuesday. Pain in the ass, but the savings will be very nice.)
My closing was scheduled for Oct. 17, but one business day earlier they discovered a problem I had told them about two months earlier, so they rescheduled it for Oct. 27. On Oct. 27, two hours before closing, I was told that they hadn't found a solution to the aforementioned problem, and closing was therefore canceled.
But to get back to your point... the previous time I tried to refinance, the deal fell through precisely because of Evil Duplication. Two mortgage company employees each had half of my dossier of paperwork, and each was waiting for me to send in the other half before they could proceed. If the responsibility had been in a single point of control, this would have been discovered and fixed much sooner.
no subject
My closing was scheduled for Oct. 17, but one business day earlier they discovered a problem I had told them about two months earlier, so they rescheduled it for Oct. 27. On Oct. 27, two hours before closing, I was told that they hadn't found a solution to the aforementioned problem, and closing was therefore canceled.
But to get back to your point... the previous time I tried to refinance, the deal fell through precisely because of Evil Duplication. Two mortgage company employees each had half of my dossier of paperwork, and each was waiting for me to send in the other half before they could proceed. If the responsibility had been in a single point of control, this would have been discovered and fixed much sooner.