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How The Loan Process Works

Ever wonder how the loan process works? Since a mortgage is likely the largest financial transaction you'll ever make, knowing a bit about how things work on the inside is very important. Here we'll share a brief rundown of the 3 stages of your mortgage loan.

  • Origination
    This is your initial meeting with your loan officer. Your credit, income and assets are reviewed to determine what you're qualified for and what your interest rate will be. Be open and honest with your loan officer and disclose to them all information concerning your financial picture. The more information your loan officer knows upfront the better we can make adjustments accordingly.
  • Processing
    After your loan officer qualifies you, your loan is sent to the processor. The processors job is to prepare your loan file for underwriting review. To ensure a quick and clean loan approval your processor will ask you for trailing documents to add to what you've already provided your loan officer. It is imperative that you provide your processor with everything they ask for as quickly as possible. Consider your processor your best friend as it is they, not your loan officer, that's going to get your loan closed.
  • Underwriting/Closing
    When your loan is underwritten your processor will let you know if any further documents are required. When all underwriting conditions are met your processor will then start working on scheduling your closing with all parties to the transaction.

We feel strongly that providing useful information and setting reasonable expectations is paramount. For this reason, right from the beginning we review with all of our clients the entire loan process. From application, to processing, to underwriting and through to closing we inform and advise what will be done to ensure that the loan closes quickly and efficiently.

If you're thinking about getting a mortgage and have questions, feel free to contact me. I'd be happy to help!

Contact Wendy 7 days a week for more information:

Phone or Text: 321-504-1175
Email: wendy@aloaninthesun.com
Facebook Messenger: @aloaninthesun

Why You Should Call Us First

  • Detailed loan status updates save you the time and hassle of trying to find out what's going on with your loan file.
  • Quick and efficient problem resolution system. Our workflow is designed not only for speed and efficiency but to also catch any potential problems. We don't bury our heads in the sand in the 11th hour.., we work diligently to identify any potential problems up front and work directly with you to resolve them.
  • Experienced processing staff pre-underwrites loan files before submission to our investors. Detailed review ensures that the majority of our loan files are put into final approval status at the first submission.
  • We're local and accessible when you need us. When you're working, we're working even if it's after hours or the weekend.

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