Event |
Who Does It |
Details |
| Review our loan information |
Applicant |
After reviewing our Home buying products, Refinance products, or Equity/Credit Line products you may apply for your loan. |
| Apply |
Applicant |
Complete an application. This will set the process in motion. |
| Loan Originator Contact by Phone |
Mortgage Plus Corp |
Your first connection with your loan originator will get a dialogue started which will insure that you get the loan that you want. |
| Credit Check & Pre qualification |
Mortgage Plus Corp |
We pre-approve you using our artificial intelligence software. Our system will assess your credit, income and assets to quickly determine what loan(s) you qualify for. |
| Rate Lock & Appraisal |
Mortgage Plus Corp |
Once we determine your loan amount, type of loan and rate, your loan agent will recommend the appropriate time to lock the rate with a lender. |
| Loan Submission for the Best Rate/Program |
Mortgage Plus Corp |
Once all of the paperwork is assembled by our processors, your package will be forwarded to underwriting for approval. |
| Underwriting and Approval |
Mortgage Plus Corp/Lender |
Once we determine your loan amount, type of loan and rate, your loan agent will recommend the appropriate time to lock the rate with a lender. |
| Clear Loan Conditions |
Mortgage Plus Corp/Lender |
Our closer gets the conditions from underwriting for final preparations to close. |
| Loan Documents Delivered |
Mortgage Plus Corp/Lender |
Loan documents are prepared and delivered to the escrow agent. The escrow agent will call you to arrange a signing. This is coordinated by your loan originator, your Realtor and the escrow agent. |
| Loan Funding |
Escrow/Mortgage Plus Corp/Lender |
On the settlement day the documents are returned as soon as they are signed. Then they will be reviewed. The escrow agent will request a wire transfer of the loan funds, close and record the transaction. |
