Showing posts with label loan officer. Show all posts
Showing posts with label loan officer. Show all posts

Tuesday, July 8, 2014

Loan Approved!!


Well, conditionally, but we only have a few outstanding conditions remaining which include updated pay stubs and bank statements.  No crazy or unreasonable requests.

After reading a few fellow Ryan Homes blogs, we were anticipating the worst when it came to dealing with NVR. The process for us was relatively quick and has been painless thus far, so no complaints from us!  In all, it took about two and a half weeks from the time we submitted our paperwork to today when we received our conditional approval.  And about 4 days from when we were advised that our loan went into underwriting to our approval.  Not too bad considering we were told it would take about 28 days to hear back from them.

In other news, our Guardian appointment is scheduled for Saturday, so we are still rolling right along!

Wednesday, June 18, 2014

NVR Loan Appointment

On the 18th we met with the NVR loan officer at the Orchard Springs model/sales office to go over our loan application.  We emailed the majority of our loan documents to him prior to the meeting utilizing the checklist that was provided to us.  We were assigned a loan officer from another territory because the one typically assigned to the area was busy.

Our appointment was scheduled for 5:30, however the LO showed up about 45 minutes late because he went to the wrong community and got lost on the way.  Not a huge issue for us, he did call us to let us know that he was running late, and it gave us a few minutes to chat with both the sales manager and project manager who were at the model home.

Our project manager let us know that he has been with Ryan Homes for about 9 years and currently lives in a Ryan home in a neighboring community.  He answered a few basic questions for us before our LO arrived.  We look forward to working with him, we feel like we are in good hands.

Our LO was friendly and extremely thorough with the application process.  He provided us with a lot of valuable information and made the process as easy and painless as possible for us.  It was a looooonnng process but should hopefully make underwriting and approving our loan an easy one.  It took us about 3 and a half hours to get through all of the documentation and completion of the application.  We were only missing a few documents that we need to get together and was told that the typical time frame for a decision will be about 28 days.

Overall, despite being a long process, we left feeling good knowing that we got this part out of the way.  And now we wait...