How long should it take for the U/W? (loan, loan, lenders) - Mortgages -Lenders, loans, financing, rates, foreclosures, short-sales, brokers, credit score, deed, lien, refinancing, borrowers - City-Data Forum

scmommyof3kids · 02-09-2010, 03:49 PM

I just found out that our loan is number 1 for the underwriter tomorrow. We were number 11 yesterday and there are 3 underwriters. As long as there are no issues how long does it usually take the underwriter to review everything and get back to the lo with a yes or no?

VictorBurek · 02-09-2010, 05:44 PM

most lenders are 48 to 72 hours in underwriting.

dad2jules · 02-10-2010, 04:37 AM

If your loan file is being looked at 1st you should have feedback by the end of the day.

cdelena · 02-10-2010, 02:47 PM

If questions come up it can drag out... a week when issues are on the table. Even longer with the snow on the east coast giving some an reason not to make it to the office.