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What is the underwriting process? How long does it take?

This is for the Harp 2.0.  Thanks again
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January 19 2012 - US
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About 20 days for final, start to finish. 
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April 20 2013
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Mine refinanceis owin its 8th month - new loan restrictions and change of underwirting companies is the excuses.  What leverage do I have to get m y money back to go to someone more reputable?
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February 06 2013
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I am in month 6 of my HARP loan.  I have a 760 credit score, a w-2 wage only, loan value of 85%, I think the banks do not want to let go of the high rates they are getting!
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August 13 2012
How long does it take...  How long does a Short-Sale take?  Definitely no solid nswer to that.  1 week, maybe 3weeks...  Maybe longer...   
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January 23 2012
Underwritering is the process a bank, or lender, takes to decide if you will get a loan. The underwriter is the last step in the loan process and the underwriter is the last line of defense a lender has. The underwriter's job is to look over ALL the accumulated documents the loan officer has obtained from you and other sources regarding your loan application. The underwriter is the person who decides if you will get the loan, or if you will not or they will let the loan officer know if more information or more documents are needed for a decision to be made. The time frame depends on how busy the underwriter is and how complete the loan package is when they get it. Once the underwriter gets the loan package they usually give a thumbs up or thumbs down in a day or two, but it might take a month before the package of documents is sent to the underwriter by the lender. Realtors have zero influence over an underwriter's decision.
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January 19 2012
an underwriter is the person who approves your loan.   So basically, that person reviews the entire loan package (appraisal, title report, credit report, paystubs, bank accounts, etc...)  when they make their decision to approve your loan.

The process varies from lender to lender depending on how many loans they have in front of yours and how many underwriters they employ.   It could take 24 hours or 3 weeks. It all depends on the company you are working with.

The only way to know for sure is to ask your loan officer.   Your previous question says it is already in underwriting, so the LO should be able to tell you when they expect the approval to come in.
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January 19 2012
 
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