Underwriting

Dribiddi

Was hoping to hear from Barclays today or tomorrow.
Broker has said case is now with the ‘audit team’.
He’s painted it as a random thing where they check the underwriter hasn’t missed anything.
Does anything have experience of this? Is the broker right or is he putting a positive spin?

foxy-stoat

Yes, my case went to the underwriting team for auditing, they declined the mortgage - then I spent the next 2 days and 4 hours on the phone to the adviser and it was all ok in the end.

Hope that helps, it probably wont as every lender and application is different.

Just sit tight and keep in contact with your broker.

Whats_your_forte

Personally wouldn't worry. These are picked out at random sometimes and more often than not, they are checking on their own underwriters handling of the case. Occasionally they come back and ask for something that may have been missed.

Acknowledge foxy's reply but never seen a case in my circa 20+ years kicked out at this stage.

Dribiddi

Whats_your_forte wrote: »

Personally wouldn't worry. These are picked out at random sometimes and more often than not, they are checking on their own underwriters handling of the case. Occasionally they come back and ask for something that may have been missed.

Acknowledge foxy's reply but never seen a case in my circa 20+ years kicked out at this stage.

Thanks for your reply
So your experience is the underwriting decision will have been approval?

[Deleted User]

With Barclays it could also be a different way of saying 'The system has f**ked itself and no one knows how to fix it'
That happens with probably about 50% of all barclays cases.

Either way, it would clearly show a decline on the brokers system if it was going to decline.