Prequalification | Interview
Application interview
Lender obtains all pertinent documentation
Loan Submission
The loan package is assembled and submitted to the underwriter for approval
Documentation
Supporting documents come in
Lender checks on any problems
Request for any additional items are made
Documents Are Drawn
Loan documents are completed & sent to escrow
Borrowers sign final signatures with Notary Public
Order Documents
Credit report, appraisal on property, verifications of employment, mortgage or rent, and funds to close, landlord ratings, preliminary title report
Funding
Lender reviews the loan package
Funds are transferred by wire
Recording of Documents
Title Company will record the Deed of trust at the County Recorder’s office
Escrow is now officially closed
YOU ARE A PROUD HOMEOWNER!