Loan Processing
Once your mortgage application is submitted, it is forwarded to a loan processor. The loan processor checks on necessary financial information which may include the following:

   •   Credit Reports
   •   Property Appraisal
   •   Employment Verification
   •   Funds on deposit
   •   Loans and other debts

Underwriting and the Secondary Market
Once the loan application has been reviewed for accuracy and thoroughness, the loan file is forwarded to a lender for underwriting. It is the underwriter's job to see that your loan package conforms to specific lender requirements that you and your loan agent have chosen.

Closing and Commitment
You will receive a mortgage commitment letter stating the exact terms and conditions of your mortgage at the time of approval.

Once you've agreed to the terms and conditions, the loan information will forward your closing documents to a designated title company. The title company will insure that all the stipulated conditions of the commitment letter are met, and will schedule and coordinate the closing and transfer
of funds.