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

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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