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:
Because it's based on many factors -- including the capacity of the borrower to pay back the loan, the credit history of the borrower, and any collateral the prospective buyer may be offering -- the process of underwriting, or determining the eligibility of a prospective client, can take from 48 hours to two weeks.nce the underwriting process has been favorably concluded, the lender will immediately issue a conditional approval, but will then ask for an appraisal of the property. It can take anywhere from 48 hours to a couple of weeks for the appraiser to inspect the property, then turn in a full report.