Any Updates this morning?

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Viewing 15 posts - 1 through 15 (of 25 total)
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  • #64225
    AmIClose
    Participant

    Got my second verbal verification yesterday, tried calling and emailing my MC about it. No response. Got initial disclosure? in mail yesterday has a closing date of 1/9/2020 which is Thursday. Hoping to hear something today from someone…..

    #64227
    TTrumble
    Member

    Hello AmIClose,

    If the Verbal VOE is done and you have received the Closing Disclosures, all that remains is the Clear to Close, so you will probably get the word today!

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #64229
    AmIClose
    Participant

    @TTrumble Thank you for the kind words Tim. Any idea why I would have gotten two different VOEs? Is that something I should be worried about or is it something I should be excited about? The fact they did it twice seems like it could be good or bad. I am sure I am overthinking it but our extension ends Friday so it is getting close close.

    @our1sthome and updates from your file? I think we are in a similar place in the journey

    #64230
    Nelsont
    Member

    I think you are overthinking. You should be neither excited nor worried about the 2 calls. Sometimes it happens. Has your boss mentioned they spoke with the VVOE twice? Or they just called twice? You would get multiple calls if you don’t speak with them…

    #64233
    AmIClose
    Participant

    They called twice and he spoke to them both times. I actually am the one who answers the phone at my job and right after I transferred the call he came in and told me who it was. Both times. I am trying to stay cautiously excited. I hope Trumble is correct that I get the CTC today.

    #64234
    Peapod0609
    Member

    I would guess there is a solid chance you get the CTC today, tomorrow at the latest.

    #64235
    AmIClose
    Participant

    @peapod0609, @neslont, @ttrumble, does the CTC come through my web file? Or does it come through email or regular mail? Everytime I check my web file it just continues to say “approved-with outstanding conditions”

    #64238
    Peapod0609
    Member

    I know some people get an email from their closing coordinator or MC. I think I eventually got an email saying that we had the final CTC and provided a closing disclosure, but I noticed my webfile had updated before the email was sent to us.

    Just keep an eye on both, it is coming soon!

    #64239
    Nelsont
    Member

    The official word should be an email with 2 sentences that literally just say clear to close has been issued please respond back to confirm receipt.

    #64240
    Our1sthome
    Member

    @amIclose I called this morning for an update. Our file has been sent to U/W for final review to get the clear to close. I have no idea how long that will take. I hope its today or tomorrow because we have to be out of our apartment on Friday. *Fingers Crossed*

    #64241
    2020mclt
    Participant

    Hi,
    I’m new to the forum and the posts have been very helpful.
    I received my initial disclosure on 12/26 and had an estimated closing date of 1/3, my VVOE was completed 12/30, every time I call the MD they tell me that we are just waiting on the CTC from the lender. Can someone help me to figure out why it’s taking so long? I understand that I have to be patient but I’m staying over a family members house since I had to vacate our rental.

    #64242
    firmeh89
    Member

    @2020mclt when did you sign your bank app and when is your contract closing date?

    #64243
    Nelsont
    Member

    At this point it’s out of your hands and nacas and entirely up to bank of america. Try calling the mortgage processing center. You are close though.

    #64244
    2020mclt
    Participant

    @firmeh89 I signed my bank app on 11/26 and my contract closing date was 12/16.

    @Nelsont
    it’s just frustrating not having a place to stay with your family. I been calling every day and they only tell me that my file has been excalated and the lender has seen it, other than that their is no update.

    #64245
    Nelsont
    Member

    So your first issue was to have a 20 day contract. I can say with absolute certainty that unless you buy cash there are almost zero circumstances in which you could close in less than 30 days. Now for NACA I can say it takes naca 2 to 4 weeks to get you to the bank app and it takes bank of america an additional 3 to 4 weeks of review from there. If you haven’t already had the VVOE I would expect closing to take place in the middle maybe toward the end of January.

    Here’s a thought though. Since BOA often goes by contract close date when they are backed up they maybe went through the back end of the process to get that out of the way but you actually in their normal queue of 3 week leadtime? IDK just running off ideas.

Viewing 15 posts - 1 through 15 (of 25 total)
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