The lender pretty much assured that I would be approved for a loan. Several days before I was supposed to close on the house, the broker informed me that I would need approximately and additional $3500 at closing. I emailed the broker asking if they would reduce their additional fees outside of the 1% origination fee. As a result, days before my closing the company decided to deny my application as specified in the email below: After I called the VP this afternoon because I haven't received an update on your file, the underwriter brought him the file and I was told they are issuing a denial on your loan.
When you asked our company to give up the fees, we charge customers to get paid to work the loan it caused the file to go to the President and VPs office for review. As I mentioned in a previous email, the President wasn't happy with late payments after a bankruptcy but I thought I could argue with your explanations I had in the file. They met and reviewed your file front to back again today and even though I had an approve/eligible status from the Desktop Underwriter, they were concerned with what they saw.
