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1. Apply |
1st Day |
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| A. |
Customer Reviews loan programs and current rates using the website.
www.shearsonsmortgage.com
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| B. |
Customer gets customized rates from the website.
(Step 1 of the “3 Easy Steps to Close”)
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| C. |
Customer completes a 15 Min. Online Application OR applies over the phone with a Loan Advisor.
(Step 2 of the “3 Easy Steps to Close”)
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| D. |
Customer faxes supporting documentation to the Loan Advisor at 818-587-3400.
(Step 3 of the “3 Easy Steps to Close”)
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2. Approve |
2nd~3rd Day |
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| E. |
Loan Advisor sends Customer a package containing a Good Faith Estimate, Truth-In-Lending and other disclosures.
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| F. |
Loan Processor obtains a loan approval and contacts Customer with any conditions.
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3. Verify |
4th~14th Day |
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| G. |
Loan Processor orders Appraisal Report and Title Report.
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| H. |
Upon receipt of all supporting documents, Underwriter reviews and gives Final Approval.
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| I. |
Loan Processor sends Customer an estimated closing statement for review.
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4. Close |
15th~20th Day |
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| J. |
Customer signs Final Loan Documents.
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| K. |
Loan gets funded.
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