Home Buying Process 2019- Step #8 Final Underwriting and Clear to Close
Channel: Rickhelps AZ Real Estate
Date: 2019-05-10

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Rick McHone
Realtor with EXP Realty
http://www.Rickhelps.com

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During the loan process, final underwriting seems to be the part that causes the most stress in the Arizona Real Estate market.
It is important to know what their function is. 
Underwriters are responsible for looking at the loan file to make sure it complies with all the Federal loan regulations.
Most loans are processed and sold. If they miss something and the Federal agencies find the error the lender may be forced to buy the loan back. 
I may seem very frustrating when you get a call from your lender that the underwriter is asking for a few more documents but underwriters want the loan to close as much as you the buyer wants it closed.
Just be prompt and replying to not delay the home purchase.

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