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Underwriter time and how long?

Got approval from underwriting with condtion to submit lox.  All paperwork sent back to underwriter and now we are just waiting.  Any idea how long?  Also can one be denied after being approved?  Lox was just a simple request so we're not worried about that.
  • December 06 2012 - US
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Answers (3)

With our company once approved, additional conditions are cleared within two days. It is possible to be denied after approval but unlikely. I agree and think you will be fine. 
  • December 07 2012
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It was the only condition asked for, from us, anyway. Don't see how they could have missed anything as they had it over a week the first time around.
  • December 06 2012
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Was that the last condition needed?  Usually a processor will gather all conditions to submit for final approval, thereafter a clear to close.  Yes, a loan may be denied after a loan commitment if there is something they have missed.

Not to get you worried as you sound pretty confident that it will not be the case as it was a simple letter of explanation.  After submission depending on the bank and underwriting conditions usually 48 hours turn around time.

  • December 06 2012
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