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Mike_B03
Posts: 1,146
Registered: ‎11-30-2012
Re: Finally got Conditional Approval!? *UPDATE 01/08*
[ Edited ]

Spoke with the loan processor again this morning and asked about the LEO for the NSF fee. He said he sent it back to UW and it should be back out by end of next week. He didn't forsee any problems with the LEO, said it's more of a formality that they have to ask, but UW does need to review it. If no other conditions are asked for from UW, then we'll received "verified credit approval" on the file.

 

He said the "verified credit approval" is the last step in the process for now, which is as final of an approval you can get until it's actually time to close. The next time we would be in touch is 30-45 days from closing when they need updated bank statements, credit report and W2s (or taxes/P&L in our case).