[sbm]

We just closed on our CYV 7-28 with Citizens. We had done a preapproval before we came down to buy, but that only took a day for them to get me an answer. Once we signed our purchase agreement we called the bank and met with our loan officer the same day and they had our closing date from the developer so they knew how much time they had. We got a call a couple days later from our processer to get some statements for verification of deposits and income and we were pretty much ready to go. Very efficient and accomodating. It closed on time and yes it probably was a little higher rate and seemed like quite a few fees, but I am a senior credit officer in a bank and I showed our good faith agreement to one of my mortgage loan officers and she felt it was pretty much in line with what our bank would charge. A lot of the fees are broken down separately where we may charge a 1% originiation fee and that covers most of the costs they have broken down further. I definitely was satisifed with the process and like they said it is a well oiled machine.