How does the loan process work?
[ return to top ] A loan consultant works with you to determine the products and interest rates available. After reviewing your credit report, you receivea list of documentation required to complete your loan. Once your loan is approved, we arrange for a signing agent to come to your home and have final papers signed.
: [ return to top ] A loan consultant works with you to determine the products and interest rates available. After reviewing your credit report, you receivea list of documentation required to complete your loan. Once your loan is approved, we arrange for a signing agent to come to your home and have final papers signed.
A qualified agent will work with you to determine the best loan and interest rates available to you after s/he reviews your personal information and your credit report. You will receive a list of the documentation needed to complete your loan and once this is completed your final loan papers will be signed by you and you will have a date when the loan will be completed.
Upon submitting an application, the borrower’s credit & employment are verified, and an appraisal is ordered. The completed loan package will then be submitted to the underwriter. The underwriter will carefully review the borrower’s qualifications and will approve or disapprove the loan. After approval, the lender will prepare documents and send them to the escrow company where the borrower will sign the closing documents. The escrow company will then send the documents back to the underwriter for final approval and recording. The loan will then be funded to escrow and funds will be disbursed.
A Loan Broker will work with you to determine the products and interest rates available to you. We can usually pre-approve you in less than 20 minutes. After pre-approval, you will receive a list of the documentation needed to complete your loan. It’s that easy, documents will be drawn and before you know it you will be enjoying all the benefits of a new mortgage with the comfort of knowing you received the best rates available. 2007 All rights reserved.
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