> Loan Process
What is our loan process?
In just 10 minutes, you can
complete and submit a loan application that asks about
your home, property and current finances. Consult our
documentation checklist below or one of our loan officers
for exactly what you’ll need to get the process
started. Then choose the most convenient method for you—complete
the application online or by phone.
1. Apply in Minutes
Our online application is so easy, it
only takes a few minutes. And rest assured, when your
application has been submitted, our commitment to privacy
ensures that your personal information is completely secure,
safe and protected. Your information is fully encrypted
for transmission and then stored securely on our servers.
2. Organize Documents
If you’re purchasing a new home or refinancing your
current home, you’ll need to review, organize and
compile certain documentation
necessary for your loan approval.
3. Processing and Underwriting
The mortgage processing begins once the application is
submitted. Your processor orders the Credit
Report, Appraisal and Title Report. Financial information
on the application is verified and the processor will
review the Appraisal and Title Report. Then, the mortgage
package is complete and ready to submit to the lender.
Once the processor has verified and compiled a complete
mortgage package with all documentation, the package is
submitted to the lender. An underwriter determines whether
the package is deemed an acceptable loan, or one pending.
An acceptable loan goes into approved status. If more
information is necessary, the loan is placed in "suspense."
The borrower will then need to supply additional information
or documentation before the loan is approved.
As soon as the loan is approved, closing and funding officers
manage the final steps of your loan. They notify the broker
and a closing attorney and verify broker and closing fees.
The closing attorney will schedule a time for the borrower
to review the documentation and
closing requirements and close the loan.