UNDERSTANDING THE LOAN PROCESSUNDERSTANDING …Licensed by the New Jersey Department of Banking and...

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MEET YOUR TRIDENT MORTGAGE CONSULTANT MEET YOUR TRIDENT MORTGAGE CONSULTANT MEET YOUR TRIDENT MORTGAGE CONSULTANT MEET YOUR TRIDENT MORTGAGE CONSULTANT Get prequalified for your loan. Discuss how much you can afford and review loan programs, rates and monthly payment. 1 COMPLETE THE APPLICATION COMPLETE THE APPLICATION COMPLETE THE APPLICATION COMPLETE THE APPLICATION Start searching for your new home and gather documents to complete your applicaon. 2 LOAN SENT TO UNDERWRITING LOAN SENT TO UNDERWRITING LOAN SENT TO UNDERWRITING LOAN SENT TO UNDERWRITING Your loan applicaon and supporng documentaon will be evaluated for eligibility and approval. 3 4 LOAN SENT TO THE PROCESSOR LOAN SENT TO THE PROCESSOR LOAN SENT TO THE PROCESSOR LOAN SENT TO THE PROCESSOR Once approved, the processor will guide your loan through to Closing. They may ask for addional documentaon to sasfy underwring requirements. LOAN PREPARED FOR SETTLEMENT LOAN PREPARED FOR SETTLEMENT LOAN PREPARED FOR SETTLEMENT LOAN PREPARED FOR SETTLEMENT Once final approval is given, the loan is sent to the tle company/closing aorney who schedules closing and reviews funds needed for selement. 5 6 CLOSING CLOSING CLOSING CLOSING Bring a cashier’s check payable to the tle company and 2 forms of ID to closing. Enjoy your dream home! PROFESSIONALS HELPING PEOPLE ACHIEVE THE DREAM OF HOMEOWNERSHIP PROFESSIONALS HELPING PEOPLE ACHIEVE THE DREAM OF HOMEOWNERSHIP PROFESSIONALS HELPING PEOPLE ACHIEVE THE DREAM OF HOMEOWNERSHIP PROFESSIONALS HELPING PEOPLE ACHIEVE THE DREAM OF HOMEOWNERSHIP UNDERSTANDING THE LOAN PROCESS UNDERSTANDING THE LOAN PROCESS UNDERSTANDING THE LOAN PROCESS UNDERSTANDING THE LOAN PROCESS Trident Mortgage Company NMLS ID: 111942 431 West Lancaster Ave Devon, PA 19333 610-889-7600 http://tridentmortgage.com

Transcript of UNDERSTANDING THE LOAN PROCESSUNDERSTANDING …Licensed by the New Jersey Department of Banking and...

Page 1: UNDERSTANDING THE LOAN PROCESSUNDERSTANDING …Licensed by the New Jersey Department of Banking and Insurance. Licensed lender, Office of the Delaware State Bank Commissioner. All

MEET YOUR TRIDENT MORTGAGE CONSULTANTMEET YOUR TRIDENT MORTGAGE CONSULTANTMEET YOUR TRIDENT MORTGAGE CONSULTANTMEET YOUR TRIDENT MORTGAGE CONSULTANT

Get prequalified for your

loan. Discuss how much you

can afford and review loan

programs, rates and monthly

payment.

1 COMPLETE THE APPLICATIONCOMPLETE THE APPLICATIONCOMPLETE THE APPLICATIONCOMPLETE THE APPLICATION

Start searching for your new

home and gather documents to

complete your applica�on.

2

LOAN SENT TO UNDERWRITINGLOAN SENT TO UNDERWRITINGLOAN SENT TO UNDERWRITINGLOAN SENT TO UNDERWRITING

Your loan applica�on and suppor�ng

documenta�on will be evaluated for

eligibility and

approval.

3 4 LOAN SENT TO THE PROCESSORLOAN SENT TO THE PROCESSORLOAN SENT TO THE PROCESSORLOAN SENT TO THE PROCESSOR

Once approved, the processor will guide

your loan through to Closing. They may ask

for addi�onal documenta�on to

sa�sfy underwri�ng requirements.

LOAN PREPARED FOR SETTLEMENTLOAN PREPARED FOR SETTLEMENTLOAN PREPARED FOR SETTLEMENTLOAN PREPARED FOR SETTLEMENT

Once final approval is given, the loan

is sent to the �tle company/closing

a*orney who schedules closing and

reviews funds needed

for se*lement.

5 6 CLOSINGCLOSINGCLOSINGCLOSING

Bring a cashier’s check

payable to the �tle

company and 2 forms

of ID to closing. Enjoy

your dream home!

PROFESSIONALS HELPING PEOPLE ACHIEVE THE DREAM OF HOMEOWNERSHIPPROFESSIONALS HELPING PEOPLE ACHIEVE THE DREAM OF HOMEOWNERSHIPPROFESSIONALS HELPING PEOPLE ACHIEVE THE DREAM OF HOMEOWNERSHIPPROFESSIONALS HELPING PEOPLE ACHIEVE THE DREAM OF HOMEOWNERSHIP

UNDERSTANDING THE LOAN PROCESSUNDERSTANDING THE LOAN PROCESSUNDERSTANDING THE LOAN PROCESSUNDERSTANDING THE LOAN PROCESS

Trident Mortgage Company NMLS ID: 111942

431 West Lancaster Ave

Devon, PA 19333

610-889-7600

http://tridentmortgage.com