Home Buying in 92394>Question Details

Asia Wallace, Home Buyer in 90019

TRUE OR FALSE RAPID RESCORES ARE TAKING WEEKS TO RETURN INSTEAD OF DAYS?

Asked by Asia Wallace, 90019 Mon Feb 15, 2010

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Answers

5
Hi Asia,
Here is the thing....
Even if they come back in days......
The underwritters are checking and double checking....
I have heard that some lenders are letting go of underwritters, if the underwritters have 3 loans that default.
To make a long story short, the lenders are aware of rapid scores and are checking towards the end of the transaction....
Rapid scores are a temporary band-aid.

Best regards,

Jes Sierra, B.Sc.
Realtor®
Century21 Beachside
Chino Hills, California

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1 vote Thank Flag Link Mon Feb 15, 2010
False. 3 days. We do credit repair at no cost.

http://www.Under640FicoScoreLoans.com
Sheryl Arndt, Broker
DRE# 01140252
NMLS# 297251
760-486-4225
0 votes Thank Flag Link Sat Sep 8, 2012
I just had a client that it took two days for a rapid rescore on his credit. Alot has to do with the lender and how on top of things they stay. I definitely have quality lenders that I can refer you to if you still are in need of any help.
0 votes Thank Flag Link Thu Apr 26, 2012
Hi Asia,

I believe the answer is yes. Rapid rescores provide a few suggestions to get borrowers credit good enough to close escrow. A good mortgage? probably not but hey as long as we close escrow it's good right?

Hannah Fliegel
The Credit Repair Expert
415-999-9348
0 votes Thank Flag Link Mon Feb 15, 2010
I believe the answe is false.
0 votes Thank Flag Link Mon Feb 15, 2010
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