How to deal with unresponsive LO? Delays in loan?

[Vinay Patel]

I am very concerned and frustrated with the way my loan is progressing. It is very slow and my LO is very unresponsive. However, I am too far into the process to switch lenders now. LO was very responsive in the beginning but now I am not getting any updates and I am worried that I will not only lose the house but also my earnest money.

First of all, here are some details about my situation:

• First-time home buyer.
• Loan type: 7/1ARM with 3.00% rate Jumbo loan
• Credit Score: TransUnion - 790 | Equifax - 788 | Experian - 812
• DTI: 24%
• Average Credit age: 3 Yrs 4months
• 0 Derogatory Marks and 100% on-time payment history

I am was originally scheduled to close 2 days ago. But had to get an extension from the seller. I am given 2 weeks of extension.

I am extremely worried about the speed at which my application is progressing. I received conditional approval from the underwriter 18 days ago. It has been over a week that I submitted my conditional documents and it is still not fully approved.

The lender that my LO signed me up with not only has an underwriter review but also a Quality Control review and a final investor review (So, they can sell my mortgage in the secondary market immediately)

So, how likely am I to go through all of these levels of scrutiny in just 2 weeks if I don't even have the full underwriter approval yet.

I am so worried that it is starting to impact my health now. Please advice.