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The borrower finds a property to purchase.
The borrower contacts the loan officer with property information and to discuss loan options.
A disclosure package is sent to the borrower.
The borrower collects the requested financial documentation and returns it with the signed disclosure documents.
Documents are received and submitted to processing.
The borrower obtains homeowners insurance and gets receipt for one year paid in full. The insurance agent forwards the receipt and binder to the loan processor.
The loan processor orders title work, appraisal and flood certifications.
The loan processor processes the file submits it for underwriting.
When the appraisal is done, the loan officer notifies the borrower and agents.
The loan officer requests any additional documents that the underwriter requires for final approval.
Upon final approval the loan officer notifies the borrower and agents.
The loan processor prepares and submits the approved file to the closing department.
The loan officer notifies the borrower of items to bring to closing and the final numbers.
The borrower attends the closing.
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The borrower decides to refinance.
The borrower completes an application.
The loan officer contacts the borrower to discuss options and lock in an interest rate and program.
A disclosure package is sent to the borrower.
The borrower collects the requested financial documentation and returns it with the signed disclosure documents.
The documents are received and submitted to processing.
The loan processor orders title work, appraisal and flood certifications.
The appraiser contacts the borrower to schedule the appraisal.
The title company contacts the borrower to schedule the closing date and time.
The loan processor processes the file and submits it for underwriting.
When the appraisal is done, the loan officer notifies the borrower.
The loan officer requests any additional documents that the underwriter requires for final approval.
Upon final approval the loan officer notifies the borrower.
The loan processor prepares and submits the approved file to the closing department.
The loan officer notifies the borrower of items to bring to closing and the final numbers.
The borrower attends the closing.
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