The Loan Process

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!