| My loan officer under estimate our loan process and now hurting our contingency (10 days) ?

My loan officer under estimate our loan process and now hurting our contingency (10 days) ?

tensy asked:


Our loan officer Under estimate our lender loan process andn ow our contingency letter for 10 days bail out is now compromised. It’s been 10 days after escrow open. AND our loan hasnt even been reviewed by the bank. Reason was, lender has been getting bogged down with loans infront of ours. And they won’t even had a chance to look at it today may or may not be on Monday but possibly Tuesday.

Our main concern is, if this lender that our loan officer picked denied our loan (worst scenario, we doubt it would since we have 720 FICO scores both me and my spouse and does not have humungus debt with a fairly high paying job) We will lose our down payment.

If everything goes well, Do you think we can still close on the 14th of Feb which originally estimate for on closing?

We are first time home buyer and never done this before..

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Tagged With Escrow, Loan Officer, Loan Process

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