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Delays in mortgage closings
#1
There are many factors that play into delay in mortgage closings that can be avoided. First and foremost, the mortgage loan package needs to be processed the right way. If all of the documents required does not get processed correctly and it gets submitted to underwriting, the underwriter can kick it back and the whole process restarts all over again. For example, if you only submit one year tax returns and not two years tax returns, the underwriter will condition for the tax return that is missing. If pages are missing from tax returns and/or bank statements, it will be requested by the mortgage loan underwriter and get conditioned for that. Here is an article about delays in mortgage closings:

http://gustancho.com/delays-in-mortgage-loan-closings/

 
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