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CONDOMINIUM APPROVAL COVER LETTERDOCUMENT Form

CONDOMINIUM APPROVAL COVER LETTERDOCUMENT Form

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[Music] let's talk about the underwriting process at this point in time your processor has either finished or is about to finish processing your loan and submit it to underwriting so an underwriter is a person that goes through and think of it like a teacher grading the homework the underwriters going to make sure that everything that was submitted matches up with the guidelines of the actual program so they're gonna go through and they're gonna pick the loan apart that's their job that's what they get paid to do they will then give a set of what's called conditions to the processor the underwriting process takes about 48 maybe 72 hours on average certainly different lenders have different turn times but in my world that's pretty typical is about 48 hours ish so what happens is the underwriter looks at it says hey you're good but I'm gonna need these things to finish it out and it could be for example like page fou

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