A nail biter of a day

What we thought was going to be a stress-free day, turned out to be a nail biter of one.

At 9:20 this morning Megan, (the gal handling our loan) called to let us know that our loan had not been funded yet. She said that the underwriter would not fund the loan because they called one last time this morning to verify Jeff's employment and of course, as we all know, Jeff just switched jobs this past Monday. Megan asked Jeff to obtain an offer letter from his current employer, so they could verify that he really did start a new job and to make sure his income has not changed. No problem we thought, Jeff went right down, got the letter, and faxed it off to Megan.

Before Jeff even got back from his office, Megan called him to let him know that the underwriter was not satisfied with funding the loan on just the offer letter. They now wanted to wait to fund the loan until Jeff has received one pay check from his new employer. What? Are you kidding me? What is one paycheck going to prove that the offer letter has not already proved? Once Jeff got home, he called Megan back and left a message on her voice mail, letting her know that this was crap, why was this last employment verification done at the LAST minute? He also told her that he expected this all to be worked out today, and that we also expected to be able to close today.

About an hour later (10:30) our realtor called to see if we needed his help with anything, since we would not be able to close today. Well yeah you can help us get this all cleared up and get our loan closed today! Our realtor explained to me all different aspects of how this all could turn out, and what our options would be.

We then talked to Megan again, she let us know that she was going to do everything in her power to persuade the underwriter to make an exception- to look closer at all the other factors, like: our credit score, debt to income ratio, how long Jeff had been with his previous employer, etc.

After another three hours of sitting around, waiting for the phone to ring, biting my nails, pulling hair our, pacing, cleaning random things, pacing some more, biting my nails more..... Megan called to let us know that the underwriter finally was going to fund the loan! Yeah!!! Megan just had one more form she needed us to sign, so she said she would email it to us, we could print it off, sign it, scan it into our computer, and email it back to her. Simple right? Wrong! Today just had to be the day our printer would run out of ink. Figures. (by this time it was 2:00)

I called Megan back, let her know our situation and asked if we drove out to her office, if we would make it in time to get all the loan documents filed. She said to hurry, made sure we knew where to go and hung up. We got to her office just in time, signed the papers, and went to walk out the door when our realtor walked in to check on the progress, found us there, and so we filled him in. Megan came back to the reception area where we were and let us know that we made it just in the nick of time.

Jeff and I came home, relieved and thankful that everything worked out. Jeff's Dad came over to help Jeff pick up our new furniture from Mor's Warehouse, on the way to Mor Jeff stopped by the title company to see if he could get the keys. He was told that the documents they (at the title company) were waiting on so they could release the keys to him, were not there yet, but should be soon. So Jeff went and waited in the car, he waited there for 30 minutes. Finally at 4:30 a FedEx truck pulled up, made his delivery, and when he came back out, he pointed at Jeff, with a big grin on his face, and pointed back towards the building. Jeff got out of the car and told the FedEx guy that he just made Jeff's day!