Dealing with underwriters, whats the normal wait time and the longer you wait, does that mean there is a problem....anyone w/experience.
Hard to say...usually depends on the info they ask for from you...proof of income, etc. As long as you get them what they need as soon as they ask for it, there shouldnt be a prob. Also depends on how backlogged they are. Taking more time isnt necessarily negative. If you do your part and get them the info they request, you just sit back and wait. Or you could do what i did and call every Monday to "check and see" with the loan processor. I know it is stressful and the fact that anything can happen until you sign the docs doesnt help. If there is a prob, the underwriter will usually let you know right away and let you know if it is something they need you to explain. Otherwise, assume they are busy. It was hard for me to remember that they have OTHER buyers, too, lol.
