Mortgage Process 101
7 steps from house to home
1. Conversation
This first step is crucial and one that will set the stage for the entire process going forward. You and your
loan officer will assess credit-worthiness, establish expectations, and discuss some available financing
options.
2. Application
The goal of our application is to gather as much information as possible up front. This gives us a major
head start and allows us to fly through the process.
3. Appraisal
We team up with an industry leading appraisal management company that helps us keep
the ball rolling. By maintaining a high standard for who we partner with, we can
streamline what is often an extremely time consuming step.
4. Initial Underwrite
Upon receipt of your appraisal, along with your file and electronic disclosures, we send
your file to Underwriting. This process can typically takes 3-4 business days while
Underwriting reviews your file.
5. Approved with Conditions
Congrats, you're now approved with conditions. Conditions are like little red flags that show there are still
items to address. You will work with your loan officer and resolve these.
.
6. Final Underwrite
The Underwriter will now review your loan and verify that all conditions have been taken
care of. The loan process is now complete and is ready for closing.
7. Closing
We work alongside the closing attorney to assemble the final paperwork and confirm the total funds
needed for the closing day. Everything we do leading up to this point ensures that the closing table is a
smooth and exciting experience. Now, enjoy the moment as you receive the keys to your new home.
For more information, check out this link: mortgage process more in depth