I got a call from my Loan Processor (LP) on Wednesday (9/19/12) asking for additional documents & information. I thought that I was pretty thorough in providing just about everything during the loan application but I guess not. She requested letters, more tax documents, my 401k plan statements & my position's salary key to verify my income with a service called "The Work Number". I spent most of the day trying to recount reasons for deposits and writing explanations for those deposits. Most of which came from selling things via Craigslist :)
I also had to write explanations for a teeny-tiny derogatory item on my credit report that was paid off sooooo long ago. I couldn't wrap my brain around why it even mattered at this point. But none the less I submitted all of those documents a few hours after her request.
I submitted the loan application on September 4th so I was a little disappointed to learn that 2 weeks later we were still so early in the process.
She emailed me this morning to say that my loan has been moved to underwriting and that generally it takes 7-10 days for approval. I hope so!!