1. Make contact with client. Provide the Pre-Approval, if purchase.
2. Take loan application in person, over phone, via website, other.
3. Run credit scores and review with client.
4. Input application into system.
5. Provide Initial Fees Worksheet and review with client.
6. Begin underwriting of loan.
7. Order appraisal.
8. Order title search.
9. If purchase, receive the sales agreement.
10. Provide the Good Faith Estimate (GFE) to the client.
11. Lock the loan.
12. Communicate with agents (if purchase).
13. Communicate with title agent/closing company.
14. Receive Lock confirmation from investor.
15. Collect fees for credit and appraisal.
16. Obtain supporting documentation (bank statements, pay stubs, tax returns, etc.)
17. If FHA, obtain case number.
18. Obtain signed 4506T and Identification from borrower.
19. Coordinate Home Owners Insurance with Insurance Agent.
20. Review Truth In Lending (TIL) with borrower.
21. Clear conditions.
22. Receive final approcal and provide commitment letter.
23. Order payoff (if Refinance).
24. Schedule preliminary closing date, time and location.
25. Coordinate schedules with agents/sellers (if purchase).
26. Send Preliminary HUD and review with parties.
27. Attend closing.
28. Congratulations!