- Initial Inquiry
Borrower fills out Pre Approval Online Application:
- Qualification and Pre-Approval
- Loan is submitted for Pre-approval:
- 1003 application or Online Pre Approval Application submission
- Purchase and sales contract (if applicable).
- Issues to borrower a Conditional Pre-Approval Letter within 48 hrs of complete package submission stipulating:
* Loan amount
* Documents required for Underwriting
* Documents required for closing
- Signs Pre-Approval letter
- Provides all additional information and documentation requested from you
- Orders appraisal
- Orders title
- Obtains environmental insurance
- Conducts real estate and income analysis (when applicable).
Closing & Funding
- Coordinates with Title company
- Prepares all loan docs and sends to closing agents
- Sends completed docs for review.