Process = Results
Step By Step
Enjoy A One-On-One Relationship With An Advisor You Trust
My Process
Imagine. No phone trees or confusing corporate red tape. My clients enjoy a one-on-one relationship with me while I walk you through the entire mortgage process and keep you informed and up to date every step of the way.
This is the start of a long, long friendship. Pre-Approval gives eligible customers the likely assurance of a loan even before choosing the home. This is done by verifying the ability to repay a mortgage loan and provide the cash needed to close – by reviewing and documenting supporting documents for income, assets and credit history. Our lenders will make a pre-approval decision based on the application, credit report and financial verification document provided by you. Once pre-approved, borrower(s) have the peace of mind to house-hunt within a comfortable price range. Sellers can deal with pre-approved borrowers with confidence in their ability to pay – the next best thing to an all cash buyer. Refinancing? Start at step 2.
Many good things start with pen and paper (or a computer). A mortgage loan application is one. At this step, I first verify the ability to repay the home loan – with consideration to income, assets and credit history. This goes beyond just the actual application, to collecting the supporting documents needed to verify the borrower is eligible and qualified for the loan based on lending guidelines. Once successful, the I'll lock in an interest rate for you – capping the rate at that percentage. Then pen meets paper.
Loan applications move through the system like dominoes, tipping several next steps into motion. Employment is verified. A residential appraisal is ordered for the property value. Title work is ordered from the title company. Additional documentation and insurance information is collected. Feet shuffle. Phones ring. Mice click. Those are the sounds of a quick, organized staff acting as your partner that you can trust.
Yes? No? Using the gathered data, documents and appraisal, underwriters determine whether or not a loan presents an acceptable level of risk – the final approval/rejection for the mortgage – and meets all required guidelines for the loan program. A third option is approving with conditions, which will need to be “cleared” by collecting more information or documentation from you "the borrower." Once the approval is given (without any remaining conditions) the file then goes to my Closing Department.
You’re almost there! At this step the loan file goes through a pre-closing review for quality assurance and the closing instructions are prepared. The Homeowners Insurance and Tax Certificate are reviewed. Closing date and time are confirmed. The closing documents are prepared and delivered to the title company.
You - the borrower receives an approved HUD-1 Settlement Statement 24 to 48 hours before close. The customer, a title company representative and myself meet to sign and make copies of the mortgage loan documentation. A cashier’s check or wired funds are sent to the title company to fund the loan. Then … Congratulations!
Now the long term relationship begins. Sit back and relax as I take care of the administration aspects of your loan. Just continue to make timely payments on your mortgage and my team and I will take care of the other details like maintaining accurate records of the loan balance, collecting escrow funds to pay property taxes and insurance, sending you the tax and interest statement (1098 Statement) for taxes and much more. We’re real. We’re personal. Forget the “call banks” and temps using a script. If you have a question, give me a call. A real mortgage professional and advisor that is sure to answer.
House Shopping?
You may have already started shopping online via real estate portals like Zillow or Trulia. At this stage, it’s a good idea to start working with a service you can trust instead and is not looking to cash in and sell your personal information.
My mission is to empower my clients with information to make smart decisions. US Lending & Real Estate is a marketplace dedicated to helping homeowners, home buyers, sellers and renters find and share information about homes, real estate and getting a home loan.
