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This is actually the first time I've ever heard anything about this.
Speaking from my professional experience as a personal banker, I am telling you an absolute, resounding NO! Any loan that claims to be processed in a single day—or heaven forbid, within fifteen to thirty minutes—is nothing more than a predatory scam. And believe me when I say, you do not want to get caught up in one of those traps!
Do you really want them waiting on your doorstep with baseball bats?!