In plain English
This means the application needs an extra look before any yes-or-no decision is made. It has been passed on to the lender or an underwriter for that further review.
In context
Here, it communicates that the mortgage application has been passed to the lender or an underwriter for further internal review before any lending decision is made.
- Situation
- Following home-purchase, mortgage, valuation, survey, and closing administration
- What it communicates
- shows the case has been passed for further internal review.
Meaning limits
The term by itself does not say what decision will be made after that review.
Examples
“After the broker sent the missing payslips, the mortgage application went to Case referred while an underwriter reviewed it before the lender made a decision.”
“With the file still at Case referred, the lender was taking a further look at the application.”