Yeah, totally feel you on that. When we refinanced last year, underwriting got hung up on some random bank transfer from months earlier—took forever to clear up. I get the caution, but sometimes it feels like they're just checking boxes without thinking things through...
Haha, reading this brings back memories of my own mortgage adventure. When we bought our first place last year, the underwriter flagged a $50 Venmo payment labeled "pizza night 🍕" from months earlier. Seriously, they asked if it was a recurring expense! I mean, I love pizza, but not enough to jeopardize my loan approval... Sometimes it feels like they're just messing with us for fun.
"Seriously, they asked if it was a recurring expense!"
Yeah, underwriting can get pretty detailed these days. It's funny until you're the one explaining why you Venmo'd your friend for "concert tickets 🎶" six months ago. I get why they do it—risk assessment and all—but sometimes it feels like they're digging a bit too deep into minor stuff. Curious though, has anyone noticed if these tighter rules actually speed up approvals in the long run, or is it just extra paperwork slowing everything down...?
"sometimes it feels like they're digging a bit too deep into minor stuff."
Honestly, I get why it feels invasive, but from a credit standpoint, it's not entirely unreasonable. A friend of mine had their mortgage delayed because underwriting flagged a monthly Venmo transfer labeled "🍕pizza night." They literally had to clarify that no, pizza wasn't a recurring financial obligation 😂.
But seriously, tighter rules can actually streamline things in the long run. Lenders are just covering their bases—remember 2008? I'd rather they ask awkward questions upfront than deal with messy surprises later. Sure, it's annoying at the time, but it can help avoid delays or denials down the road. Still, I agree there's a fine line between thorough and borderline intrusive...
Yeah, lenders can get pretty nitpicky these days. Had a client recently who had to explain a random Etsy purchase because underwriting thought it was some kind of recurring subscription. Took a few emails to clear that one up... But honestly, better safe than sorry. Curious though, has anyone else had to clarify something totally random during underwriting? Feels like these stories could fill a whole thread by themselves.
