I know there is a specific team within B of A that handles NACA mortgage applications. I am not sure if that teams works on Saturdays. The non-naca mortgage application process has these hours. I would not be upset if status updated to CTC on Saturday but I currently have no update and not expecting any changes until Monday *hopefully*
New mortgage applications
Mon–Fri 8 a.m.-10 p.m. ET
Sat 8 a.m.-6:30 p.m. ET
Ok that’s what I also don’t understand. Was told a review was completed 12/27 and no conditions found. Would be great if there was more transparency in what exactly they are reviewing / looking for especially if you have already been approved addressed initial conditions and received initial closing disclosure.
While I don’t claim to know what the actual check list is the underwriting process is obviously to evaluate your worthiness of a loan so once a cd is issued all the checks prior to CTC are for internal paperwork. Getting schedules lined up securing/allocating the funds getting each department to sign off etc.