No Word From Underwriter

Does the underwriter have the final say?

Underwriters Have Final Say They make sure that all of the tax, title, insurance and closing documentation is in place. ... Oftentimes an underwriter's denial can be appealed to the head underwriter or other superior, but the facts must be in place to support any overturn of an underwriter's decision.

What Is the Role of an Underwriter in a Mortgage? - Home Guides

How long does it take to get an answer from an underwriter?

Underwriting—the process by which mortgage lenders verify your assets, and check your credit scores and tax returns before you get a home loan—can take as little as two to three days. Typically, though, it takes over a week for a loan officer or lender to complete.

How Long Does Underwriting Take—and Can You Speed It Up?

How often do underwriters deny loans?

One in every 10 applications to buy a new house — and a quarter of refinancing applications — get denied, according to 2018 data from the Consumer Financial Protection Bureau.

Mortgage Loan Denied in Underwriting? Here's What to Do

Why is my underwriter taking so long?

Underwriters often request additional documents. This is when the mortgage lender's underwriter (or underwriting department) reviews all paperwork relating to the loan, the borrower, and the property being purchased. ... It's another reason why mortgage lenders take so long to approve loans.

Why Do Mortgage Lenders Take So Long to Process and Approve Loans?