The Mortgage Application Process
Below is the loan process from start to finish.
The Initial Meeting
Meeting between a licensed mortgage professional and a borrower to determine the home buying options.
The Application
Loan Officer reviews product offerings and details, such as rate, term, type of loan, payment options, needed documentation, expectations and responsibilities of all parties.
The Processing
The loan and supporting documents are gathered, reviewed, and uploaded LOS for the underwriting department’s full review.
The Underwrite
The underwriter will review the borrower’s credit and property information to verify qualification for the requested loan type.
The Wrap-Up
The Closings department reviews all materials for closing and sends them to the title company or closing attorney. The Loan Officer prepares the borrower for the closing process
The Close
The title company or attorney prepares legal documents. The Borrower will review and sign all documents to finalize the transaction.
Ready to Take the Next Steps?
Our team of mortgage experts is here to guide you through the pre-approval process and answer any questions you may have. Contact us today to schedule a consultation and take the next step towards owning your dream home.