Question about underwriting!!!

[jamevfan]

I got my pre approval through the automated underwriting system and I wanted to know will manula underwriting still be needed at some point of my loan process? I was told that If I got a pre approval throught the system all that will have to be done is income and documents verification............I'm so excited!!!!!!

[BungalowMo]

Hi jamvefan.... I don't have an answer to your question, but I do have to ask...where did your scores come from??

01/19/09 Equi-433,Trans-?, Exp-?
3/25/09 Equi-460, Trans-518, Exp-565
05/1/09 Equi-631, Trans-553, Exp-573
6/6/09 Equi-660, Trans-563, Exp-599
6/25/09Equi-628, Trans-580, Exp-602,

8/3/09 Equi-639, Trans-578, Exp-622!!!!!! 

I ask because unless you got your Experian #'s from a Loan Officer, they are all FAKO's.  We haven't been able to buy our EX FICO's since Feb 14th this year.

Did you get EQ & TU from here?

[SonorityGenius]

sorry just saw your updated score.. ok so the middle seems like 622.. still a thin line

Message Edited by SonorityGenius on 08-19-2009 01:40 PM

[jamevfan]

Yes I work close with my loan officer I have been in credit repair the past 5 months and all my scores came from my loan officer pulling them for the mortgage. My middlescore is 622

[Anonymous]

Actually her middle score would be 622 if these were from the Lender.  Or am I missing something here?  I'm going by the latest pull date which is 8/3/09 according to the post.

[DallasLoanGuy]

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@jamevfan wrote:
I got my pre approval through the automated underwriting system and I wanted to know will manula underwriting still be needed at some point of my loan process? I was told that If I got a pre approval throught the system all that will have to be done is income and documents verification............I'm so excited!!!!!!

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yes, an underwriter will verify all input data is correct. they will inspect w-2, paystubs, ect

if the loan officer is decent, the loan will close..... automated is almost like  the 'golden ticket'