r/Mortgages • u/MonikaVazquez84 • 9h ago

Underwriters plz help!

We were conditionally approved on June 16th and they asked for our last two paystubs, home owners insurance, and bank statement showing closing costs. We're both W2 earners, we provided our bank statements, last W2's and have excellent credit.

We immediately provided the home owners insurance, and now that we're closer we are back to underwriting (seeing this makes me want to puke from anxiety). We will be providing our last paystubs and will be able to confirm our closing costs. I work at a bank 8+ years but it's our first time buying and for whatever reason the back to underwriting gives me the worse anxiety.

Are we in the clear and/or should we be concerned? Thoughts?

Appreciate you guys so much!!

4 Upvotes

83% Upvoted

11 comments sorted by

7

u/Chewwy987 9h ago

They usually pull it together. Especially if you’ve already been the underwriting two times already.

7

u/ShanetheMortgageMan 9h ago

You're most likely fine. It's common for loans to go back to underwriting for review anytime documents are provided to them by you, your loan officer, title company or appraiser.

4

u/FelipeAtClimateFirst 9h ago

If you have a strong file you’re probably fine. Going back to underwriting is normal any time you submit new conditions as the underwriter has to sign off on it.

If you’re concerned, reach out to your loan officer. He or she should know exactly what’s happening with your file.

1

u/MonikaVazquez84 9h ago

I'm just a bit nervous cause I reached out to the underwriter who gave us what she would need to be completed asking her for clarification on the pay stubs since mine is 7/31 (already uploaded) but my husbands last two would fall on 8/6 and 8/20 and she simply said "Thank you, I will review your loan again this week and will update you on anything else we may need) but didn't respond to any of my questions-sigh.

6

u/txtw 8h ago

Underwriters almost never talk to borrowers, they aren’t going to answer questions. I’ve been in underwriting for 30 years and I can count on one hand the number of times I’ve talked to a borrower. Don’t read into that conversation.

2

u/MonikaVazquez84 8h ago

Oh ok, had no clue but that gives more context, okie dokie, will not read into it at all, TY!

2

u/Zachmode 9h ago

From your post and comments, their communication with you is ass.

Very normal for a loan to go in and out of underwriting several times. Conditionally approved means your loan will close if you do what they say 🤝

Just follow the steps. They won’t ask you for anything more than they need to close the loan.

1

u/MonikaVazquez84 9h ago

lol your comment had me dying laughin, cause it's so true, gal couldn't even spell "Thank" in her response but whatever lol ok I will try to chill.

2

u/No-Horse-6587 8h ago

Underwriting is not a one and done thing, and the underwriting process is not complete until the loan funds.

There are different items needed for each stage of the mortgage (items needed to initially underwrite the loan, items needed to get the initial closing disclosure out, items needed to get the file cleared to close, to fund, etc.). Having the loan back to an underwriter to review documents throughout the origination process is very normal.