The Mortgage Process

Once you select us to obtain your home loan, you'll be amazed at how quickly and simply the loan process moves. Before you know it, you'll have a mortgage that suits your lifestyle and saves you money.

Throughout the loan-application process, we provide you with regular updates. You can also e-mail us with questions or new information. Also, your Mortgage Loan Officer is just a phone call away.

Here's an overview of the loan-application process

Getting started is easy

When you decide to purchase, getting pre-qualified is your first step.  Most sellers will want to accept an offer from a borrower who is pre-qualified.  This is an easy process.  To get started, fill out an application through our website.

At the appropriate time we'll order a property appraisal for you.

The Mortgage Process/Time Line

Mortgage Processing

When all of your documentation is received it then goes to a loan assistant who verifies and validates all of the information to be true and correct.  Verification requests may be sent to your employers, mortgage holder/landlord, and lending institutions.  It is usually during this time frame that the appraisal and title policy are ordered.

When all the information is collected the loan assistant then verifies that basic lender loan requirements have been met. The completed package (including the appraisal and title report) is then sent to the underwriting department.

The processing of your loan usually takes about one to two weeks but it can often be delayed when third parties do not respond to the validation requests or appraisals are delayed. Time frames can also be affected by current loan volume.

Mortgage Underwriting

The underwriter reviews your loan package to make sure it conforms to all the guidelines required for that loan product. They also review the appraisal and title report and may do additional validation of employment, mortgage payments, and credit, along with anything else they feel is necessary to document your loan. They have ultimate power and decision authority over the approval of your loan. The time required to do this is driven by the volume in the market.

Conditions to Close

When the underwriter is done reviewing your application/documentation, they will send a “conditions to close” to your loan officer. These are normally requirements for further documentation to support your file. When these needs have been satisfied the underwriter will give a final approval and “clear to close”.

Clear To Close

After the “clear to close” is received from underwriting the closing will be scheduled.

Draw Documents

When the closing is scheduled a Mortgage Loan Assistant will prepare your file for closing. You will meet with me to sign the papers. In the event I am not able to be at your closing, one of our attorney partners will conduct the closing.