Mortgage Employment Verification Form
Steps to homeowership?
I made contract with seller, am getting homeowners insurance, the appraisal has been done, signed the paperwork with the Mortgage broker, and my job sent back employment verification form.
What is the next step. The loan processors are currently working on it. (What does that mean?)
Also, when will the underwriters look at it, and how long does that usually take? If the mortgage broker approved my application, and I’ve signed all the paperwork, does that mean the underwriter will accept it too???
I’m nervous that I will be denied by the underwriter after I’ve went through all the work/paperwork.
The only way you might get turned down at this point is if your scores are below 680 and you are putting nothing down. Loans that were fairly easy last week are non existent this week but with good credit you need to just go about your day and let the process take its course.
Now start thinking about the furniture arrangement!
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