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My FHA Loan is in underwriting, will it be approved?

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Anonymous
Not applicable

Re: My FHA Loan is in underwriting, will it be approved?

I have a quick question about underwriting.  My LO put my numbers through automatic underwriting for an FHA loan and everything came back good.  Does that mean that it now goes to manual underwriting or is manual only for loans that don't make it through automatic?  Just wondering what the difference is between the two.  Thanks.
Message 11 of 12
nathan
Frequent Contributor

Re: My FHA Loan is in underwriting, will it be approved?

I am not a mortgage expert, but I believe all mortgage loans still have to go through manual review before the loan is funded. The underwriter is the person who actually makes the final decision, so making it through automated underwriting does not neccessarily mean the deal is already done.
Message 12 of 12
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