FHA Underwriting Times
I think its crazy how long some companies are taking right now to underwrite loans. Hire more people! Do they not realize how many loans they are losing by advertising 30 day underwriting times? I don’t know how anyone convinces a borrower to hang around for 30 days while a file sits in line for an underwriter. Also how do you lock these loans? Are loan officers locking loans for 45 days just to try and get through underwriting?
At my company we always underwrite a file in 48 hours or less. Most of the time files are underwritten the same day. That’s the benefit of being a small privately owned direct endorsement lender. Having extra underwriters to maintain speed and customer service is worth it in the long run.
If you work in Florida and are fed up with long underwriting turn times and want a better opportunity give us a call. We are looking to hire experienced loan officers who understand FHA Loans in Florida and who understand the benefits of great service. Our corporate office can be reached at 904-270-2812.