I’m curious about “Underwriting”; it seemed to be a Bermuda Triangle at Chase, yet another example of their opaque banking procedures, but it could also be the one place to get a straight answer from Chase. Underwriting might be the black box where decisions were actually made. Here is the history of my loan modification with Chase:
- December 30, 2009: I was told my loan was “in Underwriting” as of 12/15/09
- January 20, 2010: I was again told my loan was “in Underwriting” as of 12/15/09
- February 23, 2010: I was told my loan was “with the Underwriter”
- April 5, 2010: I was told my loan was “sent to the Underwriter” on 3/1/10”
- April 12, 2010: I was told my loan was “with the Underwriter”
As of April 28, 2010, Natalia Carrillo Chase Home Finance (800) 848-9380 informed me my loan was not going to Underwriting until and unless a new Profit &Loss statement was submitted and a financial interview conducted.
Was my loan EVER in Underwriting (perhaps in a parallel universe)? Was Chase just like Washington Mutual – had Chase been lying to me since December 15, 2009?
Filed under: Chase, Home Loan Modification, JP Morgan Chase, Washington Mutual | Tagged: Chase Home Lending, Chase loan modification, jp morgan chase loan modifications, loan modification, loan modification answers, loan workout, predatory lending, WaMu, Washington Mutual | 4 Comments »
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