Cash Out Refi with Wells Fargo

[Lecia Montague]

I am currently trying to do a cash out refi with Wells Fargo and it's been about a month and they still haven't approved the loan. They have all the information they need but stated that it's 'stuck' with a Fannie Mae reviewer because I currently have 5 mortgages. Does anybody know the Fannie Mae guidelines for an investor with 5 mortgages or more? Will I run into this with every big bank ? How are so many investors able to use the BRRRR strategy if this is the case ?