Asked by Pocahontas1016, 30034 • Mon Nov 7, 2011
I am applying for my first home with Bank of America. I submitted all my information last week and my loan officer informed me that everything looked good and that she was submitting it to the Manual Underwriter on Friday and that it would take 7 to 10 days. My Realtor was actually surprised because she said it usually never takes that long. So I called in today to check the status and get the true processing time and another loan officer told me 3 to 4 days. How long did it take you all to get your loan approval back? Also, the manager told me that I was approved for desktop underwriting. Is that a extremely good sign that I will be approved for my loan or just a processing tool used to shoot severely unqualified applicants down early? Thank you! I will make sure to keep you all updated!
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