Chicago Mort­gage Approval Process — We Make It SIMPLE…

Although the process of obtain­ing a mort­gage will dif­fer slightly depen­dent upon which of our asso­ciates cho­sen, a good exam­ple would be as follows:

  1. Gen­er­ally, some­one will email you a work­sheet to fill out and fax back or take the infor­ma­tion by phone.
  2. You would receive a call to walk through a finan­cial sce­nario or two, deter­mine eli­gi­bil­ity, level of approval, best lever­ag­ing option and com­fort level.
  3. Doc­u­men­ta­tion would then be col­lected and you would autho­rize the appli­ca­tion.  A pre-approval cer­tifi­cate or let­ter would then be pro­vided and you then go find the home… or, if refi­nanc­ing, an instant sub­mis­sion to under­writ­ing could occur.

5 steps to close:

  1. Autho­rize your appli­ca­tion, sup­ply doc­u­men­ta­tion, pur­chase con­tract and sched­ule closing.
  2. Appraisal is ordered.
  3. File is under­writ­ten once appraisal it obtained and all of your doc­u­men­ta­tion is reviewed.
  4. Within a few days, a loan com­mit­ment is issued.  Many times it will have some con­di­tions to be addressed the under­writer needs to clar­ify data and meet guide­lines of the loan.
  5. You send in the conditions.
  6. The under­writer would then clear the file to close.

Call Our Asso­ciates Now to Become Approved!