The Home Loan Process

By Mary O'Neil

Pre-qualification/ Pre-approval (Credit Report Run) Formal Loan Application Taken Escrow and Title Ordered Appraisal Ordered Income and Asset Information Verified Complete Loan Package Submitted TO Underwriter Loan Approved Obtain and Forward to Underwriter any additional items that may be required Interest Rate Locked Loan Documents Ordered and Sent To Escrow Loan Documents Signed by Borrower(s)…