If your closing date is coming up-the loan officer can put a RUSH on your file.
You need to stay in close touch with your mortgage person thorugh your realtor. If there are any red flags that pop up, deal with them quickly.
Nancy Page Cooper
I've heard horror stories of people thinking it's a done deal, and quit their jobs 2 days before closing. The lender calls the employer to get verification of employment, and then...guess what? No job, no loan. I've also seen instances where a buyer cannot document where a certain sum of money came from (i.e. a large deposit into your bank account, that wasn't previously identified or explained).
I know this is a very stressful time. Just try to be patient, and if the lender comes back and needs something, make sure you get it to them asap.
With the limited information we have, this looks like normal procedure. Check with your lender and let your Buyer's agent call and ask the pertinent questions for you as well. Part of the job of your agent is to help keep you from worry and alarm whenever possible. It is in the hands of the underwriters, so you are very close to full approval. 2 weeks is a long time to get these tings straightened out. I have had many buyers in this same situation the day before closing and everything worked out fine. All the best with your new home.
Robert McGuire ASR
Your Castle Real Estate
Direct - 303-669-1246
If some of the conditions cannot be met for whatever reason then the loan can be denied at any time.