underwritting questions Help

Discussion in 'Credit Talk' started by edwin, Apr 2, 2002.

  1. edwin

    edwin Active Member

    My loan is now in the underwritting process, How long from there will it need to be approved?

    Does Anyone know?

    Thank you
    Edwin
     
  2. Dani

    Dani Well-Known Member

    What type of loan is it? An auto loan usually can be turned around in 1 day, while a mortgage loan can take a few to several days.

    Dani
     
  3. edwin

    edwin Active Member

    A mortgage Loan
     
  4. Dani

    Dani Well-Known Member

    Edwin,

    My mortgage loan went to underwriting and took about three days. It all depends on the bank and their turnaround time. I would give them 5 days and then contact the broker asking what is going on.

    Dani
     

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