The only reference pertaining to the VA (that I can find) involves the computation of your combined rating. For instance: Two 50's combine to 75 and round up to 80. The 80 represents the final degree of disability.
FHA Loan Underwriting Process. ............................................................................... Once your file has been submitted to the investor, it will be underwritten. This is when an underwriter will review your file and render a loan decision. This portion of the loan normally take 2-5 days. The underwriter will review of the information and make sure that it conforms to the guidelines that FHA has set forth. The underwriter will review all of the following aspects of the file:
In normal circles, the underwriter could give clear to close within 24 hours of receiving the the outstanding conditions. Closing could take place 7 days in most cases from approval. There are soem variables such as the closing date on your purchase agreement and if the seller is out or can be out within that time.n normal circles, the underwriter could give clear to close within 24 hours of receiving the the outstanding conditions. Closing could take place 7 days in most cases from approval. There are soem variables such as the closing date on your purchase agreement and if the seller is out or can be out within that time.