top of page

Key Steps In The Loan Process

1

Loan Application

  • Collecting necessary information needed for the approval of my loan

  • Provide the correct information in a timely manner along  with supporting documentation

  • Can vary depending on your financial solution

unrecognizable-man-filling-application-form.jpg
young-programmer-attends-online-training-course-home.jpg

2

Processing

  • Gathering & verifying the information collected in the loan application

  • Escrow, appraisal, preliminary title report, employment verification ordered

  • It is important to provide the correct information in a timely manner along with supporting documents 

3

Underwriting

  • In-depth analysis and preliminary approval for your loan
    Review of Escrow instructions, preliminary title report and appraisal

  • Conditions may be assigned, resulting in additional supporting documentation

let-numbers-talking-cropped-shot-businesswoman-using-calculator-while-going-f.jpg
workspace-workplace-office-table.jpg

4

Docs In & Docs Out

  • Order, prepare and send loan documents to escrow

  • All conditions have to be reviewed and addressed

  • Lender verifies information is correct

  • Request insurance, HUD Corrections, and find funds from escrow

5

Closing

  • Lender coordinates with title and escrow to wire appropriate funds

  • Title records the grant deed into buyer's name

  • Escrow provide final audit dispersing funds

  • Move into your NEW HOME!

happy-african-american-parents-with-their-children-packing-their-belongings-living-room.jp
bottom of page