OHIO BANCORP

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GENERALLY NICE, WELL-MEANING FOLKS, AND THEIR RATES WERE QUITE COMPETITIVE. MOREOVER, THEY OFFER TO REFINANCE AT THEIR EXPENSE IF RATES DROP ONE-HALF PERCENT WITHIN YEAR OF LOAN SETTLEMENT. PROBLEM WAS THAT THEIR WORK WAS SLOPPY AND THE RESULT WAS A LOT OF WASTED TIME. THE TIMETABLE THEY CREATED WAS UNREALISTIC, SPECIFICALLY, APPRAISAL VALUE WAS STILL UNAVAILABLE LESS THAN 24 HOURS PRIOR TO CLOSING. WE COULD NOT DETERMINE OUR FINAL LOAN AMOUNT UNTIL APPRAISAL WAS IN-HAND AND THEREFORE, NO DOCUMENTATION COULD BE REVIEWED PRIOR TO CLOSING. RESULT WAS THAT AT CLOSING, TERM OF LOAN WAS INCORRECT, A MISTAKE THEY MADE AND WE CORRECTED AT THE BEGINNING OF THE PROCESS, BUT WAS NEVERTHELESS, REPEATED. CLOSING WAS CANCELLED AND A SECOND TRIP WAS REQUIRED. OUR EXPERIENCE WAS PROBABLY "WORST CASE" BUT I WOULD BE HESITANT TO USE THEM AGAIN IN THE FUTURE.