We will review your file and e-mail a list of missing documents to the L/O, and send required disclosures (if applicable).
When all missing documents are received, we will submit to specified lender with 24 hours.
We will order verifications and any other third party documentation, if required.
Title/Escrow will be ordered if L/O specifies processor to do so.
When loan decision is received, we will e-mail the L/O of any other documentation needed to order loan documents.
We will submit all Prior-to-Doc conditions when received.
When all Prior-to-Doc conditions are signed off, we will contact L/O for final interest rate and fees to complete the Doc Order form and send completed copy to L/O for approval before sending to lender.
Contact Escrow/Closing Agent to notify docs were ordered.
Work on clearing any Prior-to-Funding conditions.
Notify L/O of approx. date loan documents will arrive at Escrow for signing.
When loan documents arrive at Escrow, we will request an Est. HUD 1 to review with L/O to make sure figures are accurate. Processor will send final 1003 & GFE for signatures and request a signed copy be returned for loan file.
Submit any closing conditions to ensure funding is not delayed.
Make sure loan funds on time to assure everyone gets paid.