how long does the mortgage company have after you sign the mortgage commitment to send it to the under writer?
Answers (2)
Richard,
I think there is some confusion here. When the mortgage company issues a commitment it is just that. The file has already gone thru underwriting. A commitment is a the lender saying they has completed the necessary things and the funds are ready for closing. Sometimes a lender will issue a conditional commitment. However this is not common in today's market.
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FIRST ANSWER
Richard,
Do you mean after you sign the loan application (1003) and intial disclosures?
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