LOAN PROCESS

Next, you’ll be partnered with a Loan Processor who will work closely with your Mortgage Loan Originator to verify the documentation that you submitted, as well as your credit and employment history, and to prepare your file for underwriting. The Loan Processor may require additional documents from you. Remember, the sooner you reply, the sooner your application can proceed!

An appraisal of your property will typically be ordered within 30-45 days of your estimated closing date. The appraisal is used to confirm the valuation of your property and will be provided to you for your records prior to, or at, your closing.

A few days before your scheduled closing, your lender will send you a Closing Disclosure which outlines the final terms and costs of your mortgage. It’s one of the most important documents you’ll receive in the homebuying process, so review it carefully before signing, and return it as soon as possible or your closing may be delayed. Visit our Closing Disclosure page for important details about this document and your responsibilities as a buyer.

If you’re eligible for our eClose process, you’ll be sent many of your closing documents to sign electronically before your appointment. You’ll still need to sign a few in person, but the appointment will be much shorter. Otherwise you’ll make an appointment to meet with your title agent to sign all the closing documents. Check out our Closing Checklist for a list of items you need to bring to your closing appointment. Your Mortgage Loan Originator or Loan Processor will provide you with the final amount needed for closing costs so that you can wire funds or have a cashier’s check made out to the title company or attorney’s office. After you’ve signed, you must wait for the loan to be funded. Then you’ll receive the keys to your new home!