Conditions are in!!!!!! Do you think they will deny it?

[looksbylatay]

Below is the email from the processor:

Subject Line: Approval

Underwriting has reviewed your loan file and here is what has been requested:

1. Paystub showing your raise effective 6/10.m (I called the  processor and told her they raise will not reflect until 06/22 paycheck ,closing is 21th?????)
2. Document $9,612.00 in funds.  I will need verification of any large deposits. ( Got IT)
3. For 401K loans provide evidence of receipt of check and statement reflecting balance in 401k accounts after the withdrawal. (No Loan, Just Withdrawel Got it)_
4. Cash Net account needs to be paid in full and closed prior to closing.  Will need proof. ( Paid it today print the receipt will fax over tomorrow)

So once I fax this stuff  over tomorrow, will the underwriter review the file and then approve or deny?

[swtneka]

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@looksbylatay wrote:

 So once I fax this stuff  over tomorrow, will the underwriter review the file and then approve or deny?

---

I dont think its going to happen that fast. It might take a few days/weeks (from what i read). FX u hear something soon (approval/denial)  and they dont come back with any more after u submit those. I have read it being done numerous times. Gl

[tooleman694]

You need to find a way to get around the first condition or you are not gonna close on time.

[fabadvice]

 Can you provide them a letter from your job showing that you received a pay raise? The human resources department usually has this information.

[looksbylatay]

@fabadvice I did. The company came me and salary change letter on letterhead. I talked to the processor today . She will check with underwriter to see if they will accept the letter if not closing will delay until I have a paystub. Anyway I faxed all the conditions but today lets see what happens. The LO told me the underwriter is going on a 2week vac on friday  sooo they are hoping for his blessing before he leaves. 

[fabadvice]

I'm glad  you have a letter hopefully the LO accepts it before taking a vacation. GL!

[pdog661]

---

@looksbylatay wrote:

Below is the email from the processor:

Subject Line: Approval

Underwriting has reviewed your loan file and here is what has been requested:

1. Paystub showing your raise effective 6/10.m (I called the  processor and told her they raise will not reflect until 06/22 paycheck ,closing is 21th?????)
2. Document $9,612.00 in funds.  I will need verification of any large deposits. ( Got IT)
3. For 401K loans provide evidence of receipt of check and statement reflecting balance in 401k accounts after the withdrawal. (No Loan, Just Withdrawel Got it)_
4. Cash Net account needs to be paid in full and closed prior to closing.  Will need proof. ( Paid it today print the receipt will fax over tomorrow)

So once I fax this stuff  over tomorrow, will the underwriter review the file and then approve or deny?

---

1 is the sticking point.  Do you work in a large corporation? Do you have on-line access to your pay stubs?

I get my stubs on Wednesday before my Friday payday.  You could print the stub and submit the morning of closing.  

I was a plant manager for a few years, and I would receive the copies of the checks a few days before pay roll was due.  Could you ask your employer for the check early as they are not valid to the pay date on the check?

[looksbylatay]

Stilling waiting

[looksbylatay]

After sending  mutiple emails asking my lO " what is the status of us closing on 06/21? I received this:

We are still waiting to hear from the condo development with the questionnaire we sent them.  Also  waiting for a credit report supplement.

We are going to move the closing to Wed the 26the.  Place & time we will make later.

WWWWWWWWWWWWWWWWWhhhhhhhhhhhhhhhhhhhyyyyyyyy OMG that's another weekend I will to sit thru wondering !.  What the hell is that stuff and why do we need it?

[fabadvice]

I know it's a lot of waiting but, before you know it you will have those keys !