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How long does it take to hear back from the underwriter

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wendyp

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PostPosted: Fri Mar 07, 2008 3:57 pm    Post subject: How long does it take to hear back from the underwriter

How long does it take to get an answer from the underwriter?
 
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Icon Mini Profile larry



Joined: 27 Jun 2007

Posts: 3328



473.40 Dollars($)

PostPosted: Fri Mar 07, 2008 4:07 pm    Post subject:

Hi wendyp,

Welcome to the forum.

It actually varies. Generally it takes three days but it can take a month and sometimes even more than that.

Best of luck,
Larry
 
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Icon Mini Profile banker0679

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Joined: 15 Nov 2007

Posts: 297
Location: Charlotte, North Carolina


19.70 Dollars($)

PostPosted: Fri Mar 07, 2008 4:10 pm    Post subject:

when you submit a full application ...CURRENTLY it may take 2-3days.
There has been a huge influx of applications, and it's taking longer for lenders to approve loans.
Conventional 2-3days
FHA/VA 7-8days MINIMUM with most lenders.

24-48 hours to follow up with conditions.

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Icon Mini Profile lisascherzer



Joined: 04 Jan 2008

Posts: 749



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PostPosted: Mon Mar 10, 2008 8:36 pm    Post subject:

It just depends on the lender. It can range from 24 hours to weeks.
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