Credit Access Condition Not Addressed

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  • #65819

    Hello! Brief overview so far:

    2/11 Under contract
    2/19 Credit Access Condition – Provide gift letter and related items
    2/20 Condition addressed – sent to MC and uploaded through webfile
    2/25 Appraisal completed
    2/26 Condition still not approved

    I addressed the condition almost a week ago and the underwriter still has not looked at my file. I was under the impression they had to review within 24 hours? It has been a week. What can I do to get some movement? I’ve already completed inspection negotiations and had the appraisal. I should be past bank submission at this point.

    Can you help?


    I think they look at your file within 24 hours. They are supposed to respond with 72. BUT this is not by any means a hard and fast rule simply a guideline only. Holidays, internal staff on leave and an influx of applications can will cause delays. Unfortunately we have the short straws here and are the only parties involved in the entire process that actually have to follow and meet a deadline with repercussions directly affecting us. You are right to be nervous just know what you are dealing with is normal. Call the mortgage processing department and see what they have to say. They might be able to give you extra information. Other than that there is no information they will withhold so if there is actually something to report they will report it.

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