The Process - How we do what we do
Step 1 - Submit Loan Application
The loan officer electronically submits the loan application, submission sheet and any supporting documents.
Step 2 - Initial Disclosure
Loan is processed and pre-underwritten. Title and Appraisal are ordered and Initial Disclosures are sent to the borrower.
Step 3 - Loan is submitted to underwriting
Loan is submitted to specified lender for underwriting.
Step 4 - Loan is cleared of any conditions
Once approval is received, any and all conditions are cleared within 24 hours of receipt.
Step 5 - Loan commitment and Closing CD is issued
For purchase loans, a loan commitment is provided to the buyer's agent per the purchase contract. Initial Closing CD is then requested from the title company.
Step 6 - Loan closing is set and figures are finalized
Loan closing is confirmed and all figures are finalized and submitted to the borrower.