NoCostMortgage | Steps In the Process

	Steps	Loan Process
		Application: Your approval begins with a completed loan application. Fill the application out as completely as possible but don't worry if you miss something. You can contact customer service by phone at 877.966.2678
		Loan Analysis: Your application will be reviewed by a loan specialist, and you will be contacted to confirm the information sent. Your loan specialist will present the best loan alternatives to you, and you can decide which option is best for your situation.
		Loan Documents: After you have decided which loan is best, we will mail the loan application disclosures to you to review and sign at your convenience. We will also collect the required loan documentation for your property, income, assets, etc., and provide a return overnight package for you to return the information.
		Preliminary Approval: Your application will be sent directly to an underwriter for review. In most cases, your loan will receive a pre-approval in 24 hours or less.
		Loan Processing: Your loan application will now be assigned to a loan processor. The primary function of the loan processor is to build your loan file by documenting your income, assets, employment history, and debts. They will also arrange to have your property appraised and a preliminary title commitment issued. It typically takes a week or more to have the appraisal completed, and have the title company issue the title commitment.
		Loan Underwriting: Once the processor has completed step 5, your file will be returned to the underwriter for final approval. A commitment will be mailed to you indicating final documentation needed to close your loan if needed. This typically takes 48 hours.
		Document Preparation: Loan documents are now prepared including the note, deed of trust, and supporting disclosures.
		Loan Funding: We will arrange to have the funds deposited to the designated escrow company on your behalf. Congratulations! Your loan closed!