The Loan Process

1. Pre-qualification/Interview
   Application interview
   Lender obtains all pertinent documentation.
2. Order Documents
   The lender will order any documents as deemed necessary such as a credit report, preliminary title report, an appraisal on the property, verifications of employment, mortgage, rent, and funds to close escrow.
3. Loan Submissions
   The loan package is assembled and submitted to the underwriter for approval.
4. Documentation
   Supporting documents come in.
   Lender checks on any problems and requests for any additional items are made.
5. Loan Approval
   Parties are notified of approval and prior to funding documentation conditions.
6. Documents are drawn
   Loan documents are complete and sent to title. Borrowers come in for final signatures.
7. Funding
   Lender reviews the loan package.
   Funds are transferred by wire or cashier check.
8. Recording of Documents
   Title company records deed of trust at the county recorder’s office.