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what is the difference between these two approvals

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luckyashes04
New Contributor
‎03-13-2013 10:10 PM
‎03-13-2013 10:10 PM

Re: what is the difference between these two approvals

Our experiences through MTH were very different..... unless my LO didn't tell me any of this. She just said it went to processor then underwriter for the conditional approval.
Message 11 of 15
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MovingForward_2012
Valued Contributor
‎03-14-2013 03:47 AM
‎03-14-2013 03:47 AM

Re: what is the difference between these two approvals

That is what they usually tell you. I found out it goes in front of a board of underwriters through the home buying class I was required to take for the loan program I went through.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 12 of 15
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luckyashes04
New Contributor
‎03-14-2013 08:01 AM
‎03-14-2013 08:01 AM

Re: what is the difference between these two approvals

That's really interesting, I never knew it went to a board of underwriters. Good information to know. Thanks for the insight!

Message 13 of 15
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playboy
Regular Contributor
‎03-14-2013 11:05 AM
‎03-14-2013 11:05 AM

Re: what is the difference between these two approvals

My file only went through one uw.

Starting Score: EX 575/TU 534/EQ 570
Current Scores per Myfico: (As of 12-14-13) EX 690/EQ 685/TU 679
Goal Score: 720

Take the myFICO Fitness Challenge

Message 14 of 15
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MovingForward_2012
Valued Contributor
‎03-14-2013 01:15 PM
‎03-14-2013 01:15 PM

Re: what is the difference between these two approvals

@playboy wrote:

My file only went through one uw.

No way! You went through the same lender as me.  :-)

Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 15 of 15
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