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Updated about 3 years ago on . Most recent reply

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Melody Bussey
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Underwriting Headaches And What to Do

Melody Bussey
Posted

So, I'm new to the whole REI world, and just put my first property under contract. I'm self employed and have had a successful business for at least 10 years. Underwriting has been running me in circles over this. They preapproved me at least 6 weeks ago, and I've gotten in dozens of verifying documentation to them....and they still want MORE. So I guess my question is two fold: is this typical? At what point do you just put your foot down and say you're going to shop around for someone else? If it matters, it's currently with Wells Fargo.

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