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Old 11-16-2011, 02:24 PM
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Join Date: Nov 2011
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Default When can I expect to hear back from Wells...

...Fargo on FHA mortgage pre-approval? Oct. 25 I contacted Wells Fargo to apply for FHA mortgage. I filled out app, and consented to credit check. A few days later he called me and said that he put it in the computer system and it came back with "accept risk" so then he had me send in pay stubs, w2's, copy of license, and landlord info. On Nov. 1st, he emailed a letter asking for a couple letters of explanation, along with a bunch of forms that I had to sign and return (forms had info on amount of loan, etc). In the letter he said that the file had to go up for exception review and be submitted for review that week or else be canceled. I returned and signed everything as asked right away. I emailed him to make sure he had everything and it was all submitted and he just sent back a message that said "already sent in for approval" I have not heard back from him since then. It has been almost 2 weeks. Can anybody explain this process? What stage am I in and how long could it possibly take?
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