PenFed process - under review

[Anonymous]

So I joined Penfed this morning and applied for a Pen Saver auto loan. Was told the loan is under review and to watch my email. Anybody who has had that happen how long did that process take? I have several 90 lates on student loans from 2 years ago but no other baddies. The other issue is I just purcahsed a house that is not yet on my CR, but I ssaid I had a mortgage on the application. 

Equifax Scores

EQ8 - 719

EQ9 - 762

Auto EQ5 - 708

Auto EQ8 - 744

Auto EQ9 - 762

[coreyb80]

Just went through the same process with them.  It took a few days for them to get back to me.  When they did they needed to know the final cost of the vehicle.  Once they received that info they then overnighted me a check and I gave it to the dealership, well my cousin who's the GM of the dealership and done deal.  If it's under review it could be good sign.  Hopefully it works out for you.