Why Underwriters Issue Denials



1. The mortgage process should not be a stressful process and there is no reason why the mortgage should not be closed after prior approval.

– All mortgages should be closed on time and Gustan Cho Associates applies a 21-day policy on most loans
– Delays can and often occur, and the main reason for delays due to delays is the lack of timely submission of relevant documents to borrowers

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5 thoughts on “Why Underwriters Issue Denials”

  1. Karan Singh says:

    Let’s say that the closing date is approaching and you definitely need the loan. Will it help to get the loan file to underwriting desks of multiple lenders at lightning speed – some of whom will lend at a higher interest rate

  2. Donovan Green Fitness says:

    great info.
    I'm under contract right now. But I owe money to the IRS and have to wait for the manager to sign off on the agreement. Then we might have to do a verbal YES with the mortgage company and the IRS because they are not sending out letters due to COVID-19 I hope this can get done.

  3. SUDAKAR A says:

    Can a small auto accident lawsuit ( defendant) affect the Mortgage approval , Auto Insurance company is fighting the case currently but the coverage is state minimum

  4. Abrahanik Abreu says:

    I have already been approved and conditions were sent to UW . Today UW said files is ready and was sent to QC for review. Is that normal? After i have been approved can this affect me?

  5. prayalways says:

    What is the deal about having everything done, everything is ready and set to go for a refinance, and at the last minute, the agent says that his underwriters are saying that it is too much property!?!?!?
    They can only approve a "jumbo" loan if it is 25 acres or less! WHAT?!?!?
    We have 27 acres. Another company said 20 acres and the insulting deal is that they asked for all of our private, personal information, banking and taxes and we pay 600 for an appraisal, just to have them saying, by the way, how many acres do you have?".
    Then they say they cannot approve it. This seems like a total bogus scam. What the heck does the amount of property/number of acres have to do with anything. It logically sounds so bogus. My husband and I are starting to think that this is some stupid back door hatch for them to escape out of to get out of servicing our loan and they believe people are stupid enough to fall for this and not ask questions. I sure hope these people are not scam artists planning identity theft with all of my information. Apex and quicken loans did this to us. We are furious.

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