Lender Conditions

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This topic contains 2 replies, has 2 voices, and was last updated by  billbehrens 2 months, 3 weeks ago.

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    Bank Application was submitted yesterday, and I just got about ten emails from NACA telling me to log in to my webfile and check Lender Conditions.

    Problem is, when I do that, there are no lender conditions.

    Am I missing something in my webfile, or is there sometimes a delay between the time that BoA communicates a condition to NACA, and NACA updates the webfile?

    Also, anyone have any luck registering on Bank of America’s home loan navigator site for updates in real time?


    It is telling me it does not recognize my loan number when I try to enroll.

    Any tips that anyone cares to give me regarding how best to navigate the process from this point to closing would be appreciated.



    Hello billbehrens,

    First thing, DO NOT use the BOA online navigator. I promise you that you will only drive yourself crazy. Nothing is official until it appears in your NACA file and I guarantee you that the two will not be in sychronization. It was like pulling teeth to get people to stop doing that with Citi’s website. NACA applciations are handled by a completely different department at the bank than the one that handles applications taken directly at the bank or from for-profit brokers anyway. Just don’t use it. You will be much less stressed in the long run.

    There can often be a delay between when a BOA underwriter creates a condition and when it shows up in your file. Considering that it’s not official until it’s in your NACA file anyway, PLUS the fact that many lender conditions are internal items that require no action or even response from you, you are far better off waiting until it’s in your NACA file.

    Your source of information is your NACA FILE. Your counselor and (mainly) closing coordinator are your go to people for information. Keep this simple and you’ll be much better off.

    Tim Trumble
    Online Operations, NACA




    Thank you for the clarification.

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