Loan Process

Overview of the Loan Process

Step
1
Loan Application
The Loan Officer meets with the applicant (you) in person, by phone, or online. Credit report is ordered, the applicant needs to pre-qualify, and required disclosures are sent. The loan products are then customized to meet the applicant’s needs.
Step
Loan Set Up
A Residential Appraisal is ordered. Verification is sent to all applicable entities.

2
Step
Step
3
Loan Processing
A Loan Processor takes over and does all processing and compiling of information for loan submission.
Step
Underwriting
Evaluation of credit and property is used to determine adherence to agency guidelines.

4
Step
Step
5
Closing
Prepared instructions are sent to the title company. The title company prepares and provides the final closing figures. The Loan Officer will then call the applicant with final figures.