What is our loan process?
Complete and submit a online
application or phone application, providing
information about your home and finances. Our
checklist will tell you what you will need to have handy.
After you submit your mortgage application:
| 1. Review |
2.
Approve |
3. Verify |
4. Close |
| We call you with a quick decision. Our home
loan consultant answers your questions. |
We calculate your best loan options and lock
in your rate. We send you initial
disclosures. |
You return initial disclosures and provide
documentation verifying application
information.
|
You sign closing documents.
We disburse your funds. |
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Our home loan process is fast,
easy and convenient. Why wait?
1. Review:
We will review your application
and call you with a quick decision, often within 15
minutes.
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2. Approve:
If your application is approved
(pending verification of the information you
submitted), we'll calculate the loan amount to suit
your needs and prepare a product comparison so you
can select the best loan for you. This usually takes
about 20 minutes. Initial disclosures for the loan
will also be sent at this time.
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3. Verify:
You will need to return the
initial disclosures and provide us with written
verification (e.g., pay stubs, tax returns) of the
information you submitted in your application. We'll
then order an appraisal of your home and prepare
your loan for closing.
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4. Close:
Depending on the loan type and
state regulations, we'll send a Notary Public to
your home or office where you'll sign the closing
documents. The closing documents are returned to us
by the notary so we can disburse your funds.
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The application process is similar for each
borrower. However the time of events and the need for additional
steps may vary based on specific circumstances.
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