There are many advantages to working with a reliable, professional lender. A few of the services a lender offers are as follows:
Pre-Qualification:
A lending professional will pre-qualify you in order to make certain that you are sufficiently qualified for the home you want. This is extremely important—you do not want to waste time in negotiations for homes in the wrong price range.
Ability to Find the Right Loan at Competitive Prices:
They can shop for the best loan and the best possible price. This allows you the freedom to select the loan best suited for your needs, at the best price.
Efficient Follow-Up and Teamwork:
Once the transaction has been negotiated, the lender works hand-in-hand with the other support team members to ensure the loan is approved and funded in a timely manner. A lender is able to locate and handle unforeseen situations before they become a problem, while keeping you informed along the way of all important details.
THE LOAN PROCESS
LOAN APPLICATION
PROCESSING
OPEN ESCROW
ORDER & CHECK CREDIT REPORT
ORDER & CHECK APPRAISAL
ORDER & CHECK VERIFICATIONS
ORDER & CHECK MISC.DOCUMENTATION
UNDERWRITING
In depth analysis & interpretation of information as it applies to the secondary market for stability.
ORDER MORTGAGE INSURANCE
ANALYZE CREDIT
CONFIRMATION OF LOAN APPROVAL
ANALYZE PROPERTY
ASSIGN CONDITIONS
ESCROW CLOSING / FUNDING
ORDER DOCUMENTS
DOCUMENTS SIGNED & REVERIFIED
MORTGAGE RECORDATION
FUNDS DISPERSED
DOCUMENTS RETURNED & VERIFIED