Verification away from loan high quality: Eventually, the fresh new underwriter will your warning flags otherwise irregularities you to you will steer clear of the mortgage off becoming insured or sold with other lenders immediately following closure

Credit reports may take a few weeks so you’re able to revision, very people extra borrowing from the bank guidance are often used to ensure that the brand new underwriter provides the extremely upwards-to-day information once your credit file has been taken.