Santander Underwriters "have left notes"

ScottL45

Hi everyone.  Just chased up Santander and been told that underwriters have "been in my application and left some notes."  So they have been working on it.

I know it's all out of my hands but would an underwriter make notes on an application as standard even if there were no issues with it?  Ta.

csgohan4

we know nothing about your application, could be something like salary discrepancy to the SA302s submitted, to a default or adverse history.

have you looked at all your credit history reports?

ScottL45

csgohan4 said:

we know nothing about your application, could be something like salary discrepancy to the SA302s submitted, to a default or adverse history.

have you looked at all your credit history reports?

Hi there.  Thanks for replying but that wasn't really my question... credit report 999/999 on Experian and accountant's cert provided.  Just to clarify, my question was, would underwriters routinely make notes on mortgage applications even when there are no issues/do not require any further information?  Thanks.

csgohan4

ScottL45 said:

csgohan4 said:

we know nothing about your application, could be something like salary discrepancy to the SA302s submitted, to a default or adverse history.

have you looked at all your credit history reports?

Hi there.  Thanks for replying but that wasn't really my question... credit report 999/999 on Experian and accountant's cert provided.  Just to clarify, my question was, would underwriters routinely make notes on mortgage applications even when there are no issues/do not require any further information?  Thanks.

it depends, and whether they make notes or not, not a straight decline is a good thing right?

bradders1983

ScottL45 said:

csgohan4 said:

we know nothing about your application, could be something like salary discrepancy to the SA302s submitted, to a default or adverse history.

have you looked at all your credit history reports?

Hi there.  Thanks for replying but that wasn't really my question... credit report 999/999 on Experian and accountant's cert provided.  Just to clarify, my question was, would underwriters routinely make notes on mortgage applications even when there are no issues/do not require any further information?  Thanks.

The numbers are meaningless. There for marketing purposes only. No lender sees it. Look at what is on the file in terms of data.

[Deleted User]

I do not agree and never will that a 999 credit score on Experian is “meaningless” as its not. Its VALUE is that you appear to have nothing in your credit history or voters roll to upset the applecart, 

However it doesnt mean anything about your current situation, self employed viability, current outgoings to income ratio or any other credit scoring the lender may use. Thats where the underwriters “notes” may need more explanation 

dunstonh

I do not agree and never will that a 999 credit score on Experian is “meaningless” as its not. 

It is meaningless in the sense that it is Experian's own internal score based only on information that they have and how they chose to score it themselves.   Lenders do not see that score and do not use the same scoring profiles and that can include data from other sources as well.

Mortgage brokers will tell you time and again that people that claim to have high scores get rejected and people with low scores get accepted.

csgohan4

you can still have a 999 Score and have a poor history like defaults e.t.c. which the score may not pick up which maybe older than 1 year or so. 

Score is a marketing ploy for the CRA to subscribe to their paid service. Lender doesn't care what score you get, they look at your history and your spending/debt habits