residential mortgages - for homebuyers and realtors

5
“A Movement of Change” Making Mortgages Simple!

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Page 1: Residential Mortgages - For Homebuyers and Realtors

“A Movement of Change”Making Mortgages Simple!

Page 2: Residential Mortgages - For Homebuyers and Realtors

6-7-1 – The Process Redefined

6 Business hours for the underwriter to decide on your loan – PRIOR TO SUBMITTING A

CONTRACT

7 Business days to process your loan – THE DAY YOU GET UNDER CONTRACT

1 Business day to clear your loan to close – AFTER YOUR LOAN IS PROCESSED.

Page 3: Residential Mortgages - For Homebuyers and Realtors

UNDERWRITE 1ST – PROCESS 2ND Ask your loan officer “Will my loan be

approved prior to me submitting a contract?”

If not, ask “WHY?”

Accept nothing short of

underwriting at the beginning of

the process. KNOW BEFORE YOU

SHOP!!

Page 4: Residential Mortgages - For Homebuyers and Realtors

Mortgages are Document Intensive

Be prepared to provideThe following

Underwriter Decision

Govt. Issued ID

Pay Stubs & Bank

Statements

Federal Tax Returns &

W2’s/1099’s

Page 5: Residential Mortgages - For Homebuyers and Realtors