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Just wondering if anyone has ever app'd with BofA and had it take the full 30 days that they say it may take. Just app'd with them on the 1st day of the app spree for DW (8/30) and they still say it is under review. Wondering if she should call and try talking to the UW dept, any suggestions? Thanks, BD

My Loan app was submitted with all requested docs to the underwriter for review on WED 5/14 and I was told that I should have the final word by Mon/Tues next week. I'm nervous that something will go wrong. I have an anticipated close date of July 10th. I also received my GFE and lenders version of anticipated closing costs- cash to close. The seller is paying $8640 toward closing and I paid a $500 earnest deposit. Total on GFE is 12035.41. Per the lender's estimate: My total cash to close is $5399 (but my lender says it will be less because this # includes fees that I have to pay up front- such as appraisal and 1 yr of Homeowners Ins)- so we figure $4300. Any thoughts? I am concerned that I am going to need significantly more at closing than I will have in funds. I will talk to him Monday but just wanted other opinions.

I have a question about VA loans for any underwriters or lenders familiar with the process. I see that VA guidelines require 12 months history on where you live. My husband has been in the military for a little over a year, so we have been on base housing and they simply take our BAH. If they need 24 months of history he lived in a house that is mortgaged by me before that. I have a house in my name, and my name only. It's where we lived before he enlisted and it's currently a rental property. About 3 years ago we had an unexpected child. I had to stop working and I got behind on my mortgage (I was putting my husband through an internship he ended up having to abandon). I repeatedly tried to modify my loan, and my husband had quit his unpaid internship and got a new job. They refused to work with me to modify my loan until we were 3 months behind on payments. As a result we ended up constantly being about 1.5 months behind while we tried to save up to actually catch up. We had finally gotten to only about 3 weeks behind on payments when my husband's new company started going under and laying off everyone. He ended up getting a new job while he worked on enlisting, but we ended up 3 months behind. They sent me a foreclosure notice, and we were able to fix it immediately due to his new job. There has not been a late payment since October 2012 (18 months ago), when we finally caught up and stopped the foreclosure. It was not actually foreclosed on, just the proceedings started. He is not on the mortgage in any way, shape or form. He is the one applying for the VA loan, and I am not a co-signer. I know VA loans require two years since an actual foreclosure, but the house was never foreclosed on and I still have it. How will this affect the underwriting process? It does not affect his credit as it is not in his name. Thanks for the help!

I will be going to grad school next year, and it is a very expensive school. I will be taking a Stafford loan, but will still need a plus loan to afford school. I have many baddies and charge offs, but they are all from 5-6 years ago with the exception of a 200 charge off from Verizon from a year ago. My questions: will the older baddies keep me from getting approved for a plus loan and will the small and recent verizon charge off keep me from getting the plus loan? I really want to attend the school. Thanks.

AmEx Oasis Program: 888-232-3261 AmEx: 800-567-1083 (App Status – Use with caution if attempting a denied app recon; have been advised by one member that they can only resubmit app with another hard pull) AmEx: 800-230-1284 (Account Services – handles accounts with issues) AmEx: 800-700-7619 (Reserves – handles closed and charged-off accounts) AmEx Executive Office: 800-297-6197 American Express Credit Bureau Unit: 800-874-2717. (Must have a current credit report before calling. They will ask for the account number from the credit report, which is different from your card number.) Barclays: 888-232-0780 (Customer Care) Barclays: 866-408-4064 (Credit Analyst) Best Buy: 800-365-0292 (CSR) Best Buy App Status: 800-811-7276 Best Buy Store Card: 800-305-0533 BofA: 866-421-8153 (Credit analyst – existing cardholders) BofA: 888-503-6090 BofA: 877-721-9405 (App Status – Choose Option 3) BofA: 800-732-9194 BofA: 888-260-4696 (secured accts.) BofA: 800-824-5895 (secured & partially secured accts.) BofA: 800-718-6072 (Credit analyst – for existing cardholders only) BofA: 800-881-4730 (Loan Dept.?) BofA Credit Dept. Fax: 888-500-6270 BofA/FIA: 888-831-4181 BP/Amoco App Status: 800-365-6204 Cap1: 800-625-7866 (Account Specialist) Cap1: 800-951-6951 (cust. relations) Cap1: 800-548-4593 (application status – automated only) Cap1: 800-889-9939 or 800-625-7866.(Account Specialist) Cap1: 877-513-9959 (Account Retention?) Cap1: 800-258-9319 (Debt Recovery) Cap1 Secured Platinum: 800-219-7931 (deposit taker, can speak to credit analyst) Cap 1: 800-707-0489 (Senior Escalation Account Mgrs.) Chase: 800-436-7927 (App status – automated) Chase: 888-270-2127 (App recon) Chase: 888-245-0625 (Credit Analyst – Recons) Chase: 888-622-7547 (Chase Executive Ofc. in IL) Chase: 800-955-9900 (Product change status questions) Chevron/Texaco Biz Card App Status: 888-243-8358 Chevron Underwriting: 800-243-8766 Citi: 888-201-4523 (New App Approval Status) Citi AA: 888-662-7759 Citi App Status: 800-645-7240, 800-288-4653, 800-750-7453 Citi: 800-444-2568 (Retention Dept.) Citi: 800-763-9795 (App status?? They ask for your app #) Citi Credit Bureau Dispute Fax: 866-713-5028 Discover: 888-676-3695 (Recon) Discover: 866-219-0214 (Retention Dept.) Elan Financial Services: 800-685-7680 ExxonMobil Biz Card: 800-903-9966 FIA: 866-421-8153 (credit analyst) FIA: 800-893-6032 (credit analyst; 8 AM-7 PM Eastern, M-F) GE Moneybank (except WalMart): 866-419-4096 GE Moneybank: 866-519-6441 (Credit Analyst/Credit Solutions) Home Depot Store Card: 800-677-0232 (Credit Analyst) Home Depot Store Card: 423 467 6957 (App Status/Recon) Home Depot MC (Commercial): 800-720-0649 Hooters: 801-545-6705, 800-850-4668 HSBC: 866-574-4421 (App Status) HSBC: 866-551-0258 (Credit Analyst) HSBC: 866-280-0118 (Executive Resolution Unit) JC Penney: 800-542-0800 Juniper: 866-408-4064 (Credit Analyst) Juniper/Barclays: 866-750-6031 (Corp. Offices) Key Bank: 888-201-4523 (App status) Key Bank MC: 800-288-4653 Keybank Credit Research Fax: 216-357-6404 Lowes: 800-445-6937 (App Status) Lowes: 866-232-7443 (Biz Acct. Underwriting) Lowes Fraud/Underwriting/Credit Dept.: 800-444-1408 Macy’s: 800-627-2909 (Credit Dept. – new credit, inquiries on upgrade to Visa AmEx, credit reporting issues) Macy’s: 800-543-9617 (Recovery Services) Meijers MC: 801-517-5560 National City: 800-762-0974 (Credit Dept.) Nationwide Visa: 866-757-2720 (App. status) Philips 66: 866-289-5630, 800-610-1961 Sallie Mae Visa: 877-564-7965 (Credit Dept.) Sallie Mae Visa: 877-903-7968 (Credit Analyst) Sam’s Club: 800-301-5546, 866-246-4282 (Underwriting) Sam’s Club/WalMart: 877-294-7541 (escalated help desk) Sears: 800-599-9710 (Comm’l Accts.) Sears: 866-533-1820 (Sears credit bureau dispute FAX number) Shell Fleet Card: 800-223-3296 (App status) Shell: 800-223-3296, 866-438-7435 Shell: 800-377-5150 Staples: 800-767-1291, 800-282-5316 Sunoco Corp. Card: 800-935-3387, 800-278-6626 Sunoco: 800-310-4773 Target Biz Card: 800-440-5317 Target CSR No.866-225-7041. Tiffany: 800-770-0800 US Bank: 800-947-1444, 800-685-7680 (Underwriting) US Bank Corp. & Comm’l Cards: 800-344-5696 (may not be true backdoor number – someone please PM me if this is frontline CS. Thx! – Scamp) Valero: 877-882-5376 Wal-Mart: 800-480-0205 (personal accounts) Wal-Mart: 800-301-5546 (commercial accounts only) Wal-Mart Underwriting: 877-294-7548; 877-294-8770 WalMart/Sam’s Club: 877-294-7541 (escalated help desk) WaMu CSR: 800-356-0011, or 800-280-9441 WaMu: 888-687-2273 (Apps/New Accts) Wells Fargo: 866 677 1128 (credit analyst) Wright Express: 888-743-3893

Hello to everyone. I’m going through the process of buying a home. I did a pre-qualification with Navy Federal back in July. We really couldn’t find anything we were that interested in and wondered if we should wait until our credit is a little better. We’ve been rebuilding over the past year and have really crossed some hurdles. As it turned out, we found a house a couple of weeks ago. We made an offer and it was accepted. So, we did an application over the phone with NFCU. By the way, they have the absolute best people working for them. I spent over an hour chatting with the girl taking my application. She was so helpful and inspiring! Next, I was contacted by the LO with an email asking for some info on employment (we are self employed), and an explanation letter regarding a couple of charge offs on my husbands report. They also wanted an explanation letter for that as well as inquiries in the past 120 days. My middle number was 695 but my husband’s was 658. I didn’t realize that they base it on the lowest score. So I sent everything to her and waited on pins and needles. I finally called her on a Friday just before they closed – (about 3 days later) and she told me we were approved! I was beyond happy. She gave me a long list of the things she needed (taxes, rent contact information for the past 2 years, bank statements. I got nearly everything ready over the weekend and started sending on Monday. Later that week, I was contacted by a processor, who asked for more information – 1099s , explanations for every address on both our credit reports and a few other things. I got all of those together as quickly as possible and sent them to her. Now comes the waiting game and let me say that it is harder than waiting for an overdue baby to be born. I literally can’t sleep. I check my email a few hundred times a day and find it nearly impossible to concentrate on work. I did hear from my realtor that the appraiser came out this weekend but I have heard nothing about it. Does anyone know how long the appraisal process takes? How long before the credit union gets the info before I hear? I have a million questions. I also keep wondering if there is any special meaning to the appraisal being ordered. In my heart of hearts, I really want to believe it is something positive relating to the loan – like they feel it might turn out okay??? Hopeful! Or is it just another step in the process. I have no idea where I am at this point and don’t want to call and bug them. I must say, they have the nicest – most professional people working for them. My loan officer was so incredibly nice and helpful. I feel as if I’ve made new friends – which is a far cry from what I’m sure the old stuffy banks would feel like. I’m just really looking for any info anyone can give me on the process – especially if you have dealt with NFCU doing a mortgage. I have nothing but wonderful things to say about them in regards to checking, savings, credit cards and LOC. Until I hear something, I am in the process of reading every single post on every board I can find about the mortgage process and everyone’s experience. This is a great board. I’ve taken my scores and reports to places I could not have imagined a year ago. Please keep your fingers crossed for me that this will be my next giant step into home ownership! Thank you! P.S. Would love to hear your thoughts and where you think I am now. We are scheduled to close on October 14 but I would love to do it sooner. We have a lease that is up at the end of this month and we really need to let our landlord know by the end of this month. I’m hoping to get some sort of answer by then.

I am new to the mortgage process, and I have a question regarding underwriting. What is the REAL difference between manual and auto approval? For instance, if my mid score is say 700, but there is a baddie present, will an auto approval guarantee loan funding or at some point will human eyes review each tradeline and possibly place conditions on the loan? Thanks all!

I apologize if this has been brought up before, but I recently learned about this consumer agency that contains medical records on people for insurance underwriters. As I'm shopping around for Health Insurance, this agency's name came up. I also discovered that you can get a free copy of your file once per year at www.mib.com. I requested my copy this weekend, although it's my understanding that the cryptic coding they employ may make it unreadable to me. I feel as though they (health insurance companies) want you to put down as much information as possible, so they can charge you higher premiums. Well, I don't want to give them any more money than I have to.. but I also don't want to be denied coverage. Does anyone have any experience dealing with this agency? Here's a little background information on the MIB: Most consumers are well aware of credit reporting agencies. They keep track of how well we pay our bills and manage our credit so lenders can decide whether to loan us the money we need for mortgages, car loans, credit cards and other credit devices. But most consumer-patients are surprised to learn of the existence of a parallel reporting agency for the health industry, the Medical Information Bureau (MIB) . Originally established in 1902, it serves the information needs of almost 500 health and life insurance companies in North America that seek health, credit and other information about those consumer-patients who request to be insured. The purpose behind the MIB is to provide background information to its insurance company members so they can determine who they will accept for insurance, or who they will reject. According to the MIB, they collect information on only 15 to 20 percent of people who have applied for individual health or life insurance policies. The MIB states its mission as "detecting and deterring fraud that may occur in the course of obtaining life, health, disability income, critical illness, and long-term care insurance." Those savings, the MIB claims, help to lower premiums to insurance-buying consumers. Considered by the government to be a consumer reporting agency, its services must adhere to the US Fair Credit Reporting Act and the Fair and Accurate Credit Transactions Act. For consumer-patients, this means it must follow the same disclosure rules as the credit reporting agencies we are more familiar with. That means you are able to obtain copies of any reports they hold on you, and there is a procedure for disputing errors. What Information does the MIB Collect?Credit information Medical conditions Medical tests and results Habits such as smoking, overeating, gambling, drugs Hazardous avocations and hobbies Motor vehicle reports (poor driving history and accidents) The information collected by the MIB stays on file for seven years. If any of its members have requested your file in the previous 12 months, that will be listed with your records. Why Do MIB Members Need this Information?The reason this information is collected is specifically to help its member companies make decisions about who will live a long and healthy life. Life, disability, long-term care insurance and other health-related companies are only interested in insuring people who will outlive the company's need to pay them. Their interest is in making money, so they want to insure only those people who will pay premiums that over the long term will eventually add up to more than the insurance company has to pay out on their behalf. The information collected by the MIB helps the insurance companies decide which applicants will likely live long enough to help the company make its profits. Who Has Access to MIB Collected Information?Employees of its members may access your personal information to help them in their underwriting decision-making. In order to gain access, they must get your signature. You have access to your MIB report once each year at no cost to you. You must call the MIB at (866) 692-6901 (TTY (866) 346-3642 for hearing impaired. The MIB states specifically that "Employers, vendors, and non-Members do not have access to MIB files." Why is This Important to Patients?Like other medical records, patients need to be aware this organization exists to influence their ability to obtain the insurance they may wish to acquire. If you think you will be purchasing any form of life, disability, long-term or other health-related insurance within the next few years, plan to obtain any MIB records currently on file in order to review them for accuracy.