Real Estate Guide

The Loan Process

Pre-qualification Interview

	Application interview
	Lender obtains all pertinent documentation

Order Documents

Credit report, appraisal on property, verifications of employment, mortgage or rent, funds to close, landlord ratings, preliminary title reports

Loan Submission

The loan package is assembled and submitted to the underwriter for approval

Documentation

	Supporting documents come in
	Lender checks into any problems
	Request for any additional items are made

Loan Approval

Parties are notified of approval

Documents are Drawn

	Loan documents are completed and sent to title
	Borrowers come in for final signatures

Funding

	Lender reviews the loan package
	Funds are transferred by wire

Recording of Documents

	Escrow company records the note and deed of trust at the county recorders office
	Escrow is now officially closed

For more information contact me and your loan company.

Next Step - Shopping for a Lender

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