Prequalification / Interview
Application interview and lender obtains all pertinent documentation

Order Documents
Order credit report, appraisal on property, verifications of employment, mortgage and/or rent, funds to close, landlord ratings, and commitment of title insurance.

Loan Submission
The loan package is assembled and submitted to the underwriter for approval.

Documentation
Supporting documents come in. Lender
checks on any problems. Requests for any additional items are made.

Loan Approval
Parties are notified of loan
approval and conditions.

Documents are Drawn
Loan documents are completed and sent
to Title Agency. Borrowers come into
Title Agency for final signatures.

Funding
Lender reviews the loan package. Funds are
transferred by wire or check to Title Agency.