Loan Process

The borrower meets with a lender who, through the course of the interview, gathers pertinent information and identifies and additional documentation that will be needed by the lender to obtain loan approval.

  • Verification

The lender will obtain all documents required, including but not limited to, credit report, appraisal on property, verification of employments, mortgage or rent obligations, funds to close, landlord ratings, preliminary title report, etc.

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  • Documentation

Supporting documentation is obtained as required. Lender follow-ups on any issues or problems that need resolution and requests any additional information or documentation required.

  • Loan Approval

Official notification of loan approval is made.

  • Documents are Drawn

Loan documents are completed and sent to the title company. The borrowers come in for final signatures.

  • Funding

Lender reviews the loan package for completeness and accuracy. Funds are then transferred.

  • Recording of Documents

Title company records the Deed and Deed of Trust at the County Recorder’s Office and the escrow process is officially closed.

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