How long does it take the underwritter to approve a loan applica

How long does it take the underwritter to approve a loan application?

The loan processor just gave me an update saying the following:

>>>> I reviewed the assets and sent your file to the underwriter last night to review as well.

>>>> It looks ok to me, but he is the final. 

Usually how long does it take the underwritter to approve a mortgage application? Do I need to worry about it? Or do I need to look some other quick alternatives such as line of credits?

Thanks.

所有跟帖： 

• line of credits一樣都得通過underwritter。2.3個星期大概。underwritter是關鍵但如和 -MrsKwok- ♀ (89 bytes) () 11/14/2012 postreply 10:48:59

• Another 2 to 3 weeks? The closing date is only 2 weeks away :((( -福大命大- ♂ (107 bytes) () 11/14/2012 postreply 11:02:04

• 整個貸款過程（包括調查）短40天長2個月或更長。。。 -MrsKwok- ♀ (0 bytes) () 11/14/2012 postreply 11:05:44

• It appears that the underwriter and the loan processor belongs t -福大命大- ♂ (272 bytes) () 11/14/2012 postreply 11:28:03

• Once got approved by the underwriter, it is final and no other o -福大命大- ♂ (88 bytes) () 11/14/2012 postreply 11:05:24

• 基本上是。commitment letter下得來 就確定了。。 -MrsKwok- ♀ (0 bytes) () 11/14/2012 postreply 11:07:59

• No, my loan was approved for three times. at "clear to close", a -little-landlord- ♂ (0 bytes) () 11/14/2012 postreply 14:43:42

• No, my loan was approved for three times. -little-landlord- ♂ (118 bytes) () 11/14/2012 postreply 14:46:34

• yes, in general, the underwriter can approve LOC by himself -Jeepster- ♂ (67 bytes) () 11/14/2012 postreply 11:33:38

• my loan has been for 4 months, dropped last week -little-landlord- ♂ (0 bytes) () 11/14/2012 postreply 14:42:05