Had a similar experience last year—my lender just stopped responding for almost two weeks right in the middle of underwriting. I ended up chasing them down myself because my broker was basically shrugging his shoulders. Honestly, I’ve learned to keep a paper trail and follow up regularly, even if it feels like nagging. Trust is great, but I double-check everything now. Sometimes you have to be your own advocate or things just stall out.
Yeah, chasing down a lender mid-underwriting is never fun. I always tell folks: document every conversation, even if it’s just a quick email summary after a call. If you’re not getting updates, don’t be shy about escalating—sometimes a gentle nudge to a supervisor gets things moving. One thing I’ve seen help is sending a weekly status check with bullet points of what’s outstanding. It keeps everyone honest and on the same page. It can feel like overkill, but it beats waiting in the dark.
Honestly, I’ve found that even with meticulous documentation, some lenders just drag their feet no matter what you do. I once had a DSCR loan where I sent weekly updates, called, even looped in a manager—still took them three weeks to acknowledge a missing document they’d already received twice. It’s frustrating, but you’re right: keeping a paper trail is the only way to protect yourself if things go sideways. Sometimes I wonder if they count on borrowers getting tired and just waiting it out...
Dragging their feet is right. I’ve seen this play out with more than one lender, and it’s not just DSCR loans—conventional, FHA, you name it. Sometimes I think the left hand doesn’t know what the right hand’s doing, especially when docs get “lost” in the shuffle. Have you ever tried escalating to a regional manager or switching your main point of contact mid-process? I’ve had a little luck there, though it’s hit or miss.
One thing I started doing is sending every document twice—once by email, once through their portal if they have one. Then I follow up with a quick summary email listing exactly what was sent and when. It’s a pain, but at least there’s no question about what they’ve received. Ever notice if certain lenders are worse than others, or is it just random? I sometimes wonder if it’s understaffing or just plain old bureaucracy...
Getting Through the DSCR Loan Maze: My Step-by-Step and a Question
That double-sending trick is spot on—I've had to do the same, especially after one lender misplaced my tax returns twice. It’s wild how often docs go missing. I’ve found that keeping a running spreadsheet of what’s sent, when, and to whom helps too. If I don’t hear back in 48 hours, I nudge them (nicely). Some lenders really are worse than others, but honestly, it feels like a toss-up depending on who’s handling your file. Bureaucracy is definitely part of it, but I think turnover and training gaps play a role too.
