Re: dispute and Automatic Underwriti
03-19-2012 07:19 PM
Thank you. I was beginning to wonder if this LO was really trying or just brushing us off, which after emailing back and forth today with him, it seems that's what he's doing. I wrote him this morning telling him we got the dispute taken care of and we paid off C.C. balances. he responded with "I doubt the disputes are completed... and credit cards can take 60-90 days to update... and we also have to worry about the inquiries.... and bla bla bla....
He even said with our scores as high as they are he doesn't really understand why we weren't approved. Based on what I was reading on here, having an open dispute is a big problem when applying for a mortgage. To me that seems to be the only issue. Now that it's taken care of, I don't see why we'd have to wait another 3 months as he's suggesting. Can't we just get a letter or something from the bureaus ssaying it's been taken care of? We already got an email from Experian saying the dispute has been removed.
On that note, are there any mortgage companies/lenders that you recommend? I've heard people talk about Wells Fargo and Chase, and I'm wondering about Quicken Loans? Or Ing Direct? Are they good? We are dealing with a LO from a local bank here.