REAL ESTATE LOANS AND REFINANCING

Loan Processing 

Loan Processing:

​

1. Consult with loan agent and find out the most suitable loan program for you

2. Prepare loan documents

1. Get Loan Estimate from loan agent

2.  Loan agent will prepare loan package, open escrow, and submit to lender

3. Wait for lender’s conditional approval

4. Order appraisal, appraiser will contact you to visit your house for appraisal

5. Loan agent will communicate with you for additional documents to clear out lender conditions

6. Loan agent will prepare supplementary documents to satisfy lender’s conditions

7. After all lender conditions are clear, loan agent will order Closing Documents

8. Final loan documents will arrive escrow company, escrow company will prepare estimated closing cost statements for you to review

9. Escrow company will arrange appointment with you to sign the Closing Documents

10. Final loan documents will be sent to lender, lender might ask additional documents as funding conditions

11. After funding conditions are met, your loan will be funded.

12. Loan process complete