Credit-based insurance scores (discussed in detail below) are based on information in your credit report. The first thing you should know is that if GEICO does obtain a credit-based insurance score as part of calculating your insurance quote, the inquiry is labeled as being from the insurance company.
So how long does it take to clear underwriting and close the deal? An FHA loan can stay in the underwriting stage anywhere from two to six weeks, depending on how many issues come up. If you get a superstar underwriter, your file might clear his desk in a week or less.
:) not happy though about how hideously long it took. Now I am waiting on a closing date. So my underwriting is FINALLY done. If you did an FHA-it could take even longer. ---Keep in mind though, if you are just waiting for the mortgage commitment letter, you should have that in about a week.But that does NOT mean your underwriting is over. :(. Someone once told me that you are never truly 100% approved until you CLOSE.f you did an FHA-it could take even longer. ---Keep in mind though, if you are just waiting for the mortgage commitment letter, you should have that in about a week. But that does NOT mean your underwriting is over. :(. Someone once told me that you are never truly 100% approved until you CLOSE.