We have been in underwriting, it was suspended for two conditions. 1. Remove disputes from CRA and 2. A letter from employer stating gift money was available to all employees. We got these in in 24 hrs and have until Friday (tomorrow) to now have documents stating the disputes are removed but the CRA's send the information by mail. The reports are updated but we cannot use a new report because its already submitted and we can only send in a supplement.
We have now been sent to manual DU underwriting. Does anyone know if this will work in our favor.
Am extremely frustrated, everything is complete but they won't pull another report and they won't use our consumer report to prove it.
Tomorrow is D day. Any positive feedback on whether the DU underwriting can approve the loan. It's an FHA
We have now been sent to manual DU underwriting. Does anyone know if this will work in our favor.
Am extremely frustrated, everything is complete but they won't pull another report and they won't use our consumer report to prove it.
Tomorrow is D day. Any positive feedback on whether the DU underwriting can approve the loan. It's an FHA
Starting Score: 0 No score until August 2011
http://dallasloanguy.com/how-to-remove-disputes-from-your-credit-report/
try this link and use the numbers on there for the cra's for disputes. Usually they can send you an email confirmation. It worked for me. For experian it opened a dispute for the dispute but that got closed within 24 hrs. I got an email saying a new dispute happend, but it gave me a report number after so i could repull and dispute was gone 
The disputes remarks are gone as of today. We have 100% success in that. The problem is the Mortgage ficos won't be updated for several weeks. We have current reports showing the removal but our file is already in underwriting. Therefore no new report is submitted... Unless we are denied. Then we would start again with updated reports.
We are now in manual underwriting and been pulled out of automated because if this. The question is: what are the positive factors weighing in our favor for manual final underwriting?
Anyone? Our DTI front and back are 16/26 it's an FHA loan.
Does manual underwriting overlook the "disputed" entries?
We are now in manual underwriting and been pulled out of automated because if this. The question is: what are the positive factors weighing in our favor for manual final underwriting?
Anyone? Our DTI front and back are 16/26 it's an FHA loan.
Does manual underwriting overlook the "disputed" entries?
The LO informed us Italy take 30 days to fully update and if she pulls the equifax mortgage again and it's still showing on any of the CRA's it's n instant denial.
We're confused too... Hence the queries. We will give them till noon tomorrow to come back with an approval and pursue a different lender. This ain't over and we still have till the 31st to close on the property. Just needed feedback and re-assurance, but at the end of the day we will know for sure tomorrow.
Will update tomorrow... Wish us luck! Waiting... Waiting...
We're confused too... Hence the queries. We will give them till noon tomorrow to come back with an approval and pursue a different lender. This ain't over and we still have till the 31st to close on the property. Just needed feedback and re-assurance, but at the end of the day we will know for sure tomorrow.
Will update tomorrow... Wish us luck! Waiting... Waiting...
