Explore the Loan Process

Step 2: Approval

You've done your part by applying and now it's time for us to do ours. Our loan professionals will start to review and process the information you submitted from the application. Below we've outlined the progression of the approval process.

Credit Check

A credit check is performed to verify the information you presented. Your credit history is examined to compile the list of loan products that you are qualified to choose from.

Document Request

At this time our loan professionals will request any documentation they need to complete the process. Possible documents they will ask for include pay stubs, bank statements and investment information such as IRA's or 401(K) statements.

Appraisal

Once we have double-checked all the documentation needed we will send a qualified appraiser to the property. Their job is to assess the value of the house to help determine if the property supports the loan amount requested.

Underwriting

Underwriting is the examination of the appraisal report, a review of all documents you have provided and an evaluation of your credit profile. It is after underwriting that your loan application may be approved for closing.

Approval

If your loan comes back approved, Congratulations! It's now time to move on to the final step towards getting your money:

Next: Closing of the Loan