mortgage simple definition: The Loan Process Overview

The Loan Process Overview

The Loan Process Overview. Your Mortgage - Underwriting

The Loan Process Overview video duration 4 Minute(s) 44 Second(s), published by imortgage on 11 02 2016 - 23:05:45.

This video “The Loan Process Overview” will inform you of the basics of a mortgage loan starting with the loan application, and going through to processing and What to expect during the Underwriting process.

Realtor Charlie Vinci discusses the mortgage process with Coleen Polson from Loan Depot in Stamford CT
Go to www.ListWithCharlie.com to learn more 1
Steps In Mortgage Process And Closing Home Loan On Time * Steps In Mortgage Process Explained * Home Buyers looking to purchase a new home or Learn about the underwriting process!

This video “The Loan Process Overview” will inform you of the basics of a mortgage loan starting with the loan application, and going through to processing and underwriting all the way to the closing and funding of the loan. Knowing what to expect will give you the confidence you need to make the best decisions about your home purchase.

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Videos are for informational purposes only. imortgage does not warrant the completeness, timeliness or accuracy of the content.

Buying a home is perhaps one of the largest financial transactions of your life. And I’m here to help you prepare on what to expect. I’m going to walk you through a simplified 5 step version of the loan process, starting with your loan application all the way to the funding of your loan. so you can be confident and ready going into homeownership.

Loan Application
Step 1, the loan application is when your loan officer collects the necessary information to obtain approval of your loan.

Processing
Step 2, processing is when the mortgage company gathers and verifies the information contained in the loan application.

Underwriting
Step 3, underwriting is an in-depth analysis and formal approval of the loan.

Docs Out & Docs Back
Step 4 is the preparation, execution, and review of loan documents.

Closing & Funding
Step 5, closing and funding are the final steps towards home ownership.