Mortgage Process
Navigating the mortgage loan process can feel overwhelming, but we’re here to guide you every step of the way. Here’s a clear outline of what to expect and what’s required from you during this journey.
1
Loan Packaging & Lender's Disclosures (1-2 days)
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You give the “green light,” and we send you the necessary loan disclosures.
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After reviewing, you'll submit supporting documents and sign the disclosures.
2
Loan Setup (2-3 days)
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Our Setup Team will order third-party items, including the appraisal, title, and insurance.
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We’ll reach out to your insurance agent and employer during this time
3
Processing/Credit Approval (2-3 days)
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Our Loan Processor reviews your file and may request additional documents for credit approval.
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Once reviewed, you'll receive credit approval, though some third-party items may still be pending.
4
Initial Underwritting (2-3 days)
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As appraisals and other third-party items arrive, they’re sent to underwriting.
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Both you and the property will be approved, and any additional documentation needed will be requested.
5
Sing the Initial Closing Disclosure (CD) (Immediate)
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You give the “green light,” and we send you the necessary loan disclosures.
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After reviewing, you'll submit supporting documents and sign the disclosures.
6
Final Underwritting Approval (1-2 days)
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We’ll provide any outstanding documents to the Underwriter to meet conditions.
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Once satisfied, the Underwriter issues the Clear to Close (CTC), and your file moves to the Closing Department.
7
Docs to Title / Final Closing Disclosure (CD) Sent (1 business day)
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Title receives our instructions and prepares the final Closing Disclosure (CD).
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Closing documents are finalized and sent to title; you'll receive the final CD from us.
8
Loan Packaging & Lender’s Disclosures (1-2 days)
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Everyone signs the closing documents at the Title Company, and the title will authorize funding.
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Funding typically occurs on the same day for purchases; refinances on homestead properties may take an additional three days.
9
After Closing
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Make your first payment and consider setting up auto-draft.
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Watch for any unexpected mail, and next year, remember to file your homestead exemption and contest your property value if needed.