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› Take the loan application
› Collect signed disclosures
› Collect borrower docs
› Identify lender and program |
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› Order appraisal and title
› Order payoff and subordination agreement (if necessary)
› Verify disclosures are accurate and complete
› Review credit report, bank statements, pay stubs & W-2's
› Submit loan package to lender
› Clear lender conditions
› Contact hazard insurance company for new mortgagee clause
› Prepare fee sheet for review by broker, then submit to lender
› Coordinate closing schedule
› Follow up to confirm closing was successful
› Assemble a Post Closing loan package and deliver to broker
› Keep the broker informed throughout the loan process
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