Credit Cards Center Credit cards from our partners
Reply
Valued Contributor
Posts: 1,103
Registered: ‎02-15-2012
0

At the underwriter for a week now

[ Edited ]

The waiting is just awful. Nothing. Not a word. No requests for more information. not a peep. File went to the underwriter on the 17th. All I can do is wait and wait.....


Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 821 EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (17.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (10.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: At the underwriter for a week now

When your file is at the underwriters; no news is good news... Keep positive Smiley Happy

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Valued Contributor
Posts: 1,115
Registered: ‎10-31-2011
0

Re: At the underwriter for a week now


webhopper wrote:
When your file is at the underwriters; no news is good news... Keep positive Smiley Happy

haha +100 its a whole lot worse when the call you every day needing this and that 

ccpics2.jpg
Highlighted
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: At the underwriter for a week now


beb86 wrote:

webhopper wrote:
When your file is at the underwriters; no news is good news... Keep positive Smiley Happy

haha +100 its a whole lot worse when the call you every day needing this and that 


When they want this and that, it means that your file is marginal and they are beefing it up...

 

On my most recent journey, the FHA Streamline Refi...  All they needed was most recent paystubs, and bank account statements, along with a letter of explanation for deposits and where they came from.

 

That part was easy because my deposits had come from expense reimbursements, rent received from tenants of the subject property, and normal payroll. 

 

I also got a settlement from my insurance for a vehicle which was owned free and clear.  The vehicle was involved in a collision, and was declared a total loss while in the underwriting process.  The payout was $13k, so I had to write a standalone letter and provide documentation from the claim.


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: At the underwriter for a week now

I also had to sign a document stating that I wasn't using my investment property for Transient Use...   which means that my leases must be for terms exceeding 30 days.


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Valued Contributor
Posts: 1,115
Registered: ‎10-31-2011
0

Re: At the underwriter for a week now

My wife wasn't on the loan but we have a joint checking account and she lost her job during the whole process and she had to fill out gift letter for her unemployment benefits for me. Oh and I made the mistake of putting 1k in cash in the bank, yeah don't deposit cash. 

ccpics2.jpg
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.