Question : What government agency do I contact regarding home loan underwriters?
The underwriter has long past the timeline for clear to close on an Ameridream home loan. Who can I contact? Thanks.I am the seller and the underwriter has taken way too long to clear to close. There must be a timeline of how long an underwriter can take to clear a loan. Or how can I put my house back on the market, and maybe get a seller who does not have to go through one of these "ify" type loans.
- asked by Judy P
All Answers:
Answer #1
Call his/her manager, not the governement.
- answered by Billie
Answer #2
FHA/VA/USDA are the ONLY ways to get 100%financing today. In my area, most U/Ws have 20+files added to their desk everyday. Turntimes areoften 2 weeks for initial underwriting, 2 days forconditions, 2 for docs etc.Sellers must be made tounderstand this. So, talk with your realtor aboutgiving the seller GOOD information about yourlender's turn times. In today's markets (buyer'smarket), sellers can't just drop your contract. Itis hard to get qualified buyers. So... don'tworry! It will close. Best of luck!
- answered by David Beasley
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