undeewriting

[Anonymous]

Just spoke to mortgage company loan came back from underwriting and I need to explain 2 collection from 08 and 1 from 05. I was told that I will need an exception to close for these collection. Is this a deal breaker or just paperwork? Now I m really nervous mortgage said they see it as a go. Can someone explain this to me l. Also, its a va loan.

[Booner72]

The UW needs to cover their behind by having you write an LOE about what happened.  I had to write an LOE about 9 collections, a bankruptcy, and a judgment!

2 measly little collections as old as they are are very unlikely to be a deal breaker, esp, if this is the only thing the UW needs.

Good Luck!!

[Anonymous]

Thanks just email the explanation. I talk to loanme officer n stated it will go back to uw and should know something tomorrow r Monday. I am praying it all fine.