1st Milestone: Application 

Our process starts immediately after your credit report is run.  We complete your loan application, submit your loan to Desktop Underwriter for Automated Approval (AUS), and Email you a list of Required Documentation with a secure upload link.  We Lock your interest rate and Our Disclosures are sent via DocuSign for your signatures.  All of this is done on Day 1!

2nd Milestone: Loan Submitted  to the Lender.

Automated Underwriting Results, Disclosures, Title and Escrow reports and Financial Information are Uploaded to the Lender's secure wholesale web portal.  Within 24-48 hours the Lender's Disclosures are sent; once acknowledged your loan file is sent to Underwriting.

3rd Milestone: Loan Approval!

The Underwriter issues Conditional Loan Approval.  We email you a list of additional documentation needed for Final Approval/ Clear to Close.  We work behind the scenes on all the other loan conditions, including ordering the appraisal, updating insurance, etc.

 

4th Milestone: Appraisal Completed

Appraisal Report is reviewed and the value is finalized with the lender. This is typically the last condition we need for Final Approval/ Clear to Close and at this time we request the Closing Disclosure to be issued.

 

5th Milestone: Closing Disclosure (CD)

The CD is the lender disclosure of all Terms and Fees. The Fees cannot change at this point. Once Electronically Acknowledged by you, there is a 3-day waiting period to get Loan Documents. If there any oustanding conditions they are completed and cleared during this time period.

6th Milestone: Loan Documents

Loan Documents/ Final Documents for closing and funding are issued. You sign them the same day with a specialized notary service at your home  (or preferred location). There is now another 3 day waiting period prior to Funding.

7th Milestone: Loan Funding!

We have done our job and your new loan is in place. Congrats your home is now refinanced! Recording happens typically same day, and if you're getting cash-out, checks are dispersed the following day.

Simple? Maybe not, but we make ourselves available 8AM-8PM throughout the process, and our team will stay proactive to keep things moving on your behalf. Different? Definitely!