Loan Process

1 - Homebuyer

Contact loan originator for financing information Gather information needed for your application Begin the search for your new home

2 - Mortgage Loan Originator

Assists you in completing the loan application

Discusses qualifying, monthly payments and cash needed for closing

Explains various loan programs available and quotes interest rates

Communicates documentation requirements

Answers any questions you may have throughout the mortgage loan process

3 - Processor Communicates with you on items necessary for your loan closing

Pre-underwrites and prepares loan for approval

Works with all parties involved with the mortgage loan process

4 - Underwriter Requests any additional documentation needed from you

Works directly with loan originator and processor to approve your loan

Renders final decision on your loan

5 - Closer Assembles package for your closing day

Sends package to the closing agent's office

6 - Closing Attorney Contacts you for your Home Owner's insurance information

Prepares Settlement Statement and emails to the processor for review

Processor contacts you to review the settlement figures and cash for closing prior to closing

7 - Closing Takes place at closing agent's office

Bring a certified check to closing and any other documentation required by lender or closing agent

Bring Homeowner's Insurance with paid receipt for one year

CONGRATULATIONS on your purchase or refinance!