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How long does it take the underwritter to approve a loan applica

福大命大 2012-11-14 10:26:51 ( reads)

How long does it take the underwritter to approve a loan application?

The loan processor just gave me an update saying the following:

>>>> I reviewed the assets and sent your file to the underwriter last night to review as well.

>>>> It looks ok to me, but he is the final. 

Usually how long does it take the underwritter to approve a mortgage application? Do I need to worry about it? Or do I need to look some other quick alternatives such as line of credits?

Thanks.

跟帖(10)

MrsKwok

2012-11-14 10:48:59

line of credits一样都得通过underwritter。2.3个星期大概。underwritter是关键但如和

福大命大

2012-11-14 11:02:04

Another 2 to 3 weeks? The closing date is only 2 weeks away :(((

MrsKwok

2012-11-14 11:05:44

整个贷款过程(包括调查)短40天长2个月或更长。。。

福大命大

2012-11-14 11:28:03

It appears that the underwriter and the loan processor belongs t

福大命大

2012-11-14 11:05:24

Once got approved by the underwriter, it is final and no other o

MrsKwok

2012-11-14 11:07:59

基本上是。commitment letter下得来 就确定了。。

little-landlord

2012-11-14 14:43:42

No, my loan was approved for three times. at "clear to close", a

little-landlord

2012-11-14 14:46:34

No, my loan was approved for three times.

Jeepster

2012-11-14 11:33:38

yes, in general, the underwriter can approve LOC by himself

little-landlord

2012-11-14 14:42:05

my loan has been for 4 months, dropped last week