1 / 1

Robert J. Clifford 412-7077 cell

Home Loan Process Flow. Received in Processing Appraisal Ordered Title Ordered Verifications Ordered IRS Transcripts Fraud/LDP Checks (2 – 4 days). Appraisal Timelines Conventional/FHA (3-4 days) VA – (Allowed up to 10 days to complete). Loan Pre-Approval Process Application

amma
Download Presentation

Robert J. Clifford 412-7077 cell

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Home Loan Process Flow • Received in Processing • Appraisal Ordered • Title Ordered • Verifications Ordered • IRS Transcripts • Fraud/LDP Checks • (2 – 4 days) Appraisal Timelines Conventional/FHA (3-4 days) VA – (Allowed up to 10 days to complete) • Loan Pre-Approval Process • Application • Credit Review • Income/Asset Review • (1–2 days) Receipt of Purchase Contract and All Addendums Home Inspection Ordered/Satisfactory (3-5 days) Robert J. Clifford412-7077 cell • Conditional Approval Issued • Further documentation needed Final Loan Approval issued (cleared to close) Resubmission & review for approval (1 day) Initial Underwriting (2 days) Preparation of HUD-1 & documents completed by Escrow (1 day) Timely Home Loan Completion! Compliance Quality Control & Document Preparation (2 days) Document Signing and Funding (1 day)

More Related