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Contributor
Posts: 84
Registered: ‎04-03-2012
0

Re: Having to start over... Devastated!

Thanks! This has been super emotional. We are staying positive and patient. I hope we here from Wells Fargo either way. The realtor I spoke with said once I receive a pre approval we can put an offer in for the house we want. I hope we get some answers soon. We started this journey with credit scores in the 400's less than a yr ago. We're in the 600 club now!
New Member
Posts: 7
Registered: ‎11-27-2012
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Re: Having to start over... Devastated!

You are waiting on a Pre-Approval through WF? This is normally a quick process. It can be done over the phone or in person. I'm curious why you haven't been told anything yet.

Contributor
Posts: 84
Registered: ‎04-03-2012
0

Re: Having to start over... Devastated!

Yes, we were told it's pre approval. We sent bank stmts, paystubs, w2's etc. I was told our file is with UW and we should hear something in a few days. I'm not sure why it's taking so long either- I was told this is just standard timeframe.
Contributor
Posts: 84
Registered: ‎04-03-2012
0

Re: Having to start over... Devastated!

They ran our info in the system for an automatic approval and didn't get it... The system referred our file for manual review.
Frequent Contributor
Posts: 305
Registered: ‎07-05-2011
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Re: Having to start over... Devastated!

I think that this is the beginning of your house buying adventure.  I like the idea of a Mortgage Broker because with my experience it was such a personal relationship.  Everything was explained to me in detail and even when I felt the road was rough she stated, "Let me worry about it,  that is what I am here for."  Manual Underwriting doesn't mean No, I can't wait until you post Clear to Close.

Fico September 2012; TU 681, EX 674, EQ 652
Fako October 2012: TU 706, EX 641,
Contributor
Posts: 84
Registered: ‎04-03-2012
0

Re: Having to start over... Devastated!

Thanks Germaine47 for those encouraging words. I can't wait to share the good news once I get the stamp of approval :smileyhappy:
Contributor
Posts: 84
Registered: ‎04-03-2012
0

Re: Having to start over... Devastated!

So we received an email from a loan processor with WF. She said she'll be our contact person while we're in UW. It looks like we're going through the channels, hopefully we'll hear something soon.
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