The Mortgage Loan Process: What You can Expect

Posted by Admin on Mar 6, 2011 in Blog, Understanding Your Mortgage | 0 comments

Application

Usually takes 10 – 20 minutes to complete.

Approval

For a purchase, your Realtor must have a pre-approval from Indigo Mortgage.

Disclosures

Once you are approved we must disclose loan details to you about your loan and the process.

Gathering Information – Purchase

Pre-approval documents and signed purchase Agreement

Gathering Information – Refinance

Pre-approval documents, plus, mortgage and pay-off  statements, existing survey and mortgage note

Mortgage Processing

Once we receive required documents and receive credit approval:
- We order title
- We order appraisal
- We order verifications of employment
- We verify assets

Closing Process

Once all this information is processed, we order loan closing documents from the lender and send to the  title company for your closing.

CONGRATULATIONS

The process for your new loan is COMPLETE!!!