Our Process

01 - Check if there are benefits

Senior Mortgage Banker discusses all of the options with Client and determines that a true benefit exists in a refinance.

02 - Gathering documentation

Client gathers financial documentation and submits to Senior Mortgage Banker for the pre-qualification and loan approval.

03 - Likelihood of qualification

Senior Mortgage Banker gathers all of the financial documentation and does a preliminary analysis to determine likelihood of qualification.

04 - Lender

Once Pre-Qualification has been established, the documentation is submitted to the most beneficial lender for the client.

05 - Client's file is received

Client’s file is received by lender and Underwritten through Fannie Mae’s Electronic Underwriting System.

06 - Interest rate

Based on market trends, the interest rate is either floated or locked at client’s request.

07 - Title

Escrow is opened and Title is ordered.

08 - Schedule with the client

Appraisal is ordered and the lender schedules with the client.

09 - Loan approval

Client’s file receives a loan approval with outstanding conditions.

10 - Processing

Client’s file is put in line for processing and is delivered to a Senior Processor.

11 - Loan is put in line

Once outstanding conditions are met, Client’s loan is put in line for loan documents.

12 - Signing the documents

Client signs loan documents with a notary and loan moves to funding stage.

13 - Clear to close

Once funding conditions are met and there’s a ‘clear to close’, the Client’s 3-day right of rescission begins.

14 - Title is recorded

Once 3-day right of rescission expires, loan funds and title is recorded.

15 - Cash-out

Client receives loan package from escrow and funds if the loan was cash-out.