Posted on: 19th Jan, 2010 04:48 pm
I can't sign my loan doc because the mortgage broker has not received the sign off of condition. what does this mean
I guess the underwriter does not have all the required information in order to approve your loan. That's the reason you aren't able to sign the loan docs. You should speak to your lender and check out what documents you need to give to your underwriter. Once you give the required documents, you would be able to sign the docs.
"sign off" relates to a checklist that lenders use. when a condition is created, it then must be satisfied. the satisfaction is the "sign off." clearly, in this case, you've either not sent in all requested conditions; or, the lender simply hasn't yet reviewed and okayed conditions that you did send in.
