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Step 1
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Contact Us
Our highly skilled loan officers will be happy to answer your questions and assist in finding the program that suits your borrowing needs. You may contact us anytime online, or by phone from 8:00 am to 6:00 pm Pacific Standard Time, by selecting "Contact Us!" located on the top right hand side of your screen.
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Step 2
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Inquire About a Loan (15 minutes)
The greatest benefit to working with us is that you never have to leave the comforts of your own home, or spend hours filling out mountains of paperwork. We enable you to inquire about available loan programs and rates online, over the telephone, by fax or by mail. The application process takes approximately fifteen to twenty minutes, and allows for us to give you the best options available.
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Step 3
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Complete and Sign Application (24 hours)
Upon your request, within 24 hours1 of receiving your loan inquiry, we will send you a loan application form that is completed with the information you supplied to us. Additionally, the initial loan disclosures and a list of documentation we require to process your loan will be included as well. To expedite your loan approval, you will be asked to review, sign and return these documents to us in a timely manner either online, by mail or fax. Please note that at the time of application2, you will be charged a deposit or application fee (secured by credit card or check) that is applied toward your closing cost .
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Step 4
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Processing the Application (7-10 business days1)
Upon receipt of your executed application2, a loan processor will review the information provided for accuracy. If the information matches the guidelines set forth by the investor, they will send the loan to an underwriter to complete a credit and income decision. For approved loans, a local appraiser will be commissioned to review the property and determine its value. During this time, a title company/settlement agent will also need to be selected to handle your closing. If there is a company with whom you prefer to work with you may notify us of your preference, otherwise we will pick one for you. We encourage you to contact your processor, at any time, regarding questions or concerns relating to your loan.
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Step 5
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Underwriting the Loan for Approval (24 hours1)
The final underwriting process, to approve or deny a loan, is typically completed within 24 hours of final processing. Each underwriting decision is based upon several basic factors, including without limitation:
Your processor will contact you with instructions on how to satisfy specific underwriting conditions when any such issues arise. |
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Step 6
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Getting Your Money (5 days1)
After your loan has been approved, closing documents will be prepared and provided to the closing agent for your signature. Signing usually occurs within three days of loan approval. Once the closing documents are executed, your loan is recorded and the funds are dispersed depending upon the type of transaction. Funds will generally be disbursed within 3 to 5 business days upon our receipt of the fully executed documents.
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1 Note: All time periods are estimates based on receiving completed documentation, loan approval guidelines, and the services provided by third party vendors. 2 A loan inquiry is a request for an indication of the type and amount of loan you may be eligible to receive. It may not constitute an application or a commitment to lend. A loan prequalification turns into a loan application at the time credit is requested by an applicant. Because $company_name requires a completed loan application to obtain loan approval, it is very important that any requests for additional documentation be provided in a timely manner. |
