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Underwriters (please don't confuse with Under-takers) are responsible for carefully reviewing your loan request to make certain that it complies with all of the guidelines their institution has created. In our experience in dealing with over 48 different lenders throughout the Country, most lenders adhere to some fairly basic – yet detailed – guidelines that are issued by governmental or quasi-governmental agencies. You will here us Mortgage People begin to drift into mortgage-eese as we begin to mention "Fannie Mae", or "Freddie Mac", or "FHA", or "VA". These are the agencies, which have created and enforce the guidelines lenders must follow in approving home loans. The underwriter will review your file to assure that all of the documents support the obvious belief that you will make all of your house payments in a timely manner. It usually takes a couple of days for the underwriter to finish their review. You should also be aware of the fact that it is very typical for an underwriter to approve a loan request subject to their review of additional information. Don’t worry... it’s usually pretty minor stuff.
Up  Application Overview The Loan Application Processing Your Loan
Closing Your Loan What Moves Rates? The Appraisal Process
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Contact Information
Nations Home Funding
4700 Falls of Neuse Road
Suite 120
Raleigh, NC 27609
919-877-0022 Ext 204 (p)
919-877-9505 (f)
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