Re: wells fargo pre approved then denied by underwrite
r 5 months old kid nowhere to go
09-20-2012 07:34 AM
I am in a similar situation sans the child. I was preapproved by wells and it all looked good, then whamed! denied. The u/w didnt feel comfortable approving the loan. So now i am with two different brokers who are looking at it. I'll miss my original closing date. But hoping it will be completed by the 2nd week of October. I would say try a broker as they may have less overlays than big banks have.
Current: EXplus:677 Eq 642 TU 727
Goal: Explus 700 eq 700 tu 800
Merrick: 1550 Capital One:1150 Barclay: 2000 Walmart: 300 Chase Freedom: 500