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.
Actually it should take a couple of days just from the particular time an underwriter receives a loan file to provide approval what you really refer to as an official approval.But if in case your file is having any problem related to credit score or any document related issue than it may take much time to approve.ink. 0. For getting an official approval for a loan would take 3 â 4 working days to be underwritten. Iâm talking about 3 -4 days only if all your documents are completed and fit according to the wants. Else, it would be a long procedure, as the process is going start away from a new end.