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LOAN PROCESS

6 STEPS

  1.  INITIAL APPLICATION

Loan officer takes your application and other documents needed for fast service and approval of your loan.

 

  1. CREDIT REPORT AND APPRAISAL

An appraisal of the property is completed to determine property value and market value.

 

  1. LOAN PACKAGE ASSEMBLED

Each detail is thoroughly reviewed so that potential obstacles are addressed to assure a smooth approval process

 

  1. YOUR LOAN IS UNDERWRITTEN

Your loan package is submitted to underwriting for final approval.  When your loan is approved, you will be notified and given any final conditions.

 

  1. LOAN DOCUMENTS ARE PREPARED

Your loan documents and funding package are prepared and waiting for your signature.  An   independent escrow office will review all documents with you.

 

  1. YOU’RE A SATISFIED CUSTOMER

      Your loan is funded and the mortgage transaction is completed.  We are happy to have        served your home loan needs and having assisted you to home ownership.

THANK YOU! for choosing Universal Mortgage as your lender

  email: universalmortgage@netwood.net