Before we discuss specific loan programs, it is essential that we complete a loan application together. This is not as complicated as you may think. We will need to speak for about 15 minutes, I will need to check your credit, and you will need to provide me with income/asset documentation. We should discuss your goals, such as what monthly payments are within your comfort zone and how long you intend to stay in the house. The more information you provide to me, the more information I can give back in return. After we have completed the loan application, I can start to work on a loan proposal for you which will outline your different options.

After we have agreed on a specific loan program, signed your loan disclosures, and decided to lock or float your interest rate, I will need to submit your file to my underwriting department. A complete loan package may require updated documentation from you (such as more recent paystubs or bank statements), as well as some third party items such as appraisal and preliminary title report. Once I have gathered everything, your file will be underwritten. As soon as the underwriter approves the loan and clears all final conditions, we are ready to email your loan documents to the title company for signing.

The signing takes place at the title company with an escrow officer, and usually takes about an hour. I always attend my loan signings, so you can count on me to be there for you in case you have any questions about your loan documents. Once the signing is done, the loan process is still not completely finished. Those documents will have to go back to the funding department for review.

Once your signed loan documents have been reviewed by the funding department, they will wire your loan funds to the title company. Upon receipt, the title company will send your deed of trust to be recorded with the county and the transaction will be completed.