to buy a home
application to closing, how our local sales team works for you!
- Real Estate Agent
- Select Home
- Loan Officer
all Pre-approval loan application information from borrower(s) Loan
- Credit Application
- Deposit Verification
- Set Up Escrow
- Flood Determination
- Loan Committee
- Loan Approval
- Underwriting Loan
- Clear Conditions
- Request Document
- Escrow Officer or
- Set Closing Date
- Order Payoff
- Clear Title
- Prepare Closing
- Set up Appointments
with Parties to Execute
- Record Documents
- Disburse Funds
estimate and opinion of the value of real property based on the analysis
of facts. Facts are derived from comparisons and market conditions, etc.
Restrictions on loan or property which must be corrected or completed
before loan can be closed.
The rating of an individual as a credit risk, based on past record of debt
repayment history, financial status, etc.
deposit of documents, funds and instructions with a neutral third party to
carry out the provisions of an agreement of contract.
stating requirements and amounts necessary to clear STATEMENT: underlying
Insurance policy written to protect a property owner or lender against
loss if title is defective.
TITLE REPORT: A
preliminary report disclosing condition of title on real property issued
prior to Title Insurance Policy.
Analyzing the risk and matching it to the appropriate loan program, loan
amount, rate and term.