The Loan Process

• A Loan Consultant will set up an appointment to review your financial information including income, assets and current liabilities. During the initial consultation we will be discussing loan options, your approval, and the specifics of your individual loan. Please bring with you to this initial appointment any necessary paperwork. This will expedite the loan process. You can print out disclosures and other documents to bring to this meeting here.
• Once you are in escrow, we will order the appraisal, title and escrow.
• When we have all of the necessary paperwork, your file will be sent to processing for further review. It is not uncommon for your Loan Coordinator to contact you during this process with additional questions and/or needed items.
• When the appraisal is received it will be sent to the appropriate department for review.
• When all necessary items are received, the Processor sends the loan package to the Underwriter for review and approval.
• Loan is approved.
• If there are conditions for the approval, your Loan Coordinator may call you to request the fulfillment of these conditions. There is usually a 72 hour period given to fulfill conditions.
• Your Processor will order your Loan documents
• Escrow verifies insurance and prepares Loan documents for signing.
• You will be in contact with your Escrow officer to make an appointment to sign Loan Documents. It is important that you are available to sign to not delay your closing.
• Loan Funds, Title is recorded and Escrow is closed.
• Congratulations!