5 Steps to Ease the Mortgage Process

  1. Getting Preparedmortgage process
  • A checklist of items will be provided to you prior to completing the mortgage application. Gathering the items upfront will help the process go more smoothly.
  • The list includes verification of income, assets, liabilities, taxes, and insurance as well as other items that may pertain to your particular situation.
  1. The Application
  • You will meet with your loan officer to review your paperwork and complete the application. This may be done in person or by some other means.
  • A credit report will be obtained to help determine your interest rate and what loan program might be best for your situation. You may lock or float your interest rate at application. If you decide not to lock the rate, that can be done later in the process.
  • Within 3 business days of application, a set of preliminary disclosures will be sent to you. Please be sure to go over these important documents with your loan officer.
  1. Processing
  • You will be contacted by a mortgage specialist requesting any items that may not have been available at application. Any additional items will be listed on your loan commitment letter.
  • An appraisal will be ordered to determine the market value of the real estate.
  • An attorney or title company of your choosing will be contacted to begin the title search for the property.
  1. Underwriting
  • Once all of your documentation has been received, along with the completed appraisal and title search, your loan will be submitted to underwriting.
  • A final loan decision may or may not be made at this time. The underwriter may ask for additional information in order to have your loan fully approved.
  • If additional information is requested by the underwriter, you will be notified by the mortgage specialist. Time is of the essence and the information should be provided as quickly as possible to avoid any delays.
  1. Closing
  • Once your loan is fully approved, you will be contacted by the attorney or title company to schedule a day and time for your closing.
  • Prior to closing, a settlement sheet or HUD-1 will be prepared indicating the exact amount of funds you will need at closing.
  • Certified funds for closing should be made payable to the attorney or title company handling the settlement.
  • Information provided at application, including employment and credit, is re-verified prior to closing to confirm there have been no changes.


It is important during the loan process to provide information and return paperwork in a timely manner and to inform your loan officer of any changes during the process. This will help avoid delays and keep the process moving quickly. Your loan officer and mortgage specialist are available at any time to answer questions regarding the process.

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