What is the decision process?
After you complete your application, we will review your information in order to assess the risk involved with your particular loan and situation. We also prepare the necessary documentation to process the loan and satisfy government regulations. If you are approved, you will be presented with a short list of documents you will need to provide to allow us to process your loan. These items will primarily include verification of your income, and perhaps a request for W-2s, income tax returns, or similar information.
After you complete your application, ditech will review your information in order to assess the risk involved with your particular loan and situation. ditech also prepares the necessary documentation to process the loan and satisfy government regulations. If you are approved, you will be presented with a short list of documents you will need to provide to allow us to process your loan. These items will primarily include verification of your income and perhaps a request for W-2s, income tax returns, or similar information. Immediately after your online pre-approval, you will be mailed a loan application for review. It will contain all of the information that you’ve entered during your online session. Please review it carefully and make any corrections or changes that you feel are necessary. ditech will contact you with specific requests for any additional information that you may need to provide. ditech may also need to discuss your credit history with you.
