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Speak to a Landmark
Mortgage loan officer and get pre-qualified or pre-approved |
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Fill out the loan application with the help of your Landmark
Mortgage loan officer |
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Put together documentation on all of your finances |
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Write any letters that are needed |
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Provide additional documentation as requested by Landmark
Mortgage such as verifications of employment and deposits, appraisal,
title, credit reports, and anything else requested |
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The underwriter (lender) will review your loan package and either
approves it or denies it |
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If it is approved, any
conditions from the underwriter are cleared and the closing
documents are ordered |
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If it is denied, it is submitted to a different underwriter |
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Once approved, the documents are prepared for closing, which is
where you bring the money for your closing costs and sign the
papers |
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The signed documents go back to the lender to make sure everything
was signed correctly |
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After everything checks out, the money is wired from the lender to
the escrow company |
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The loan funds and the transaction is recorded and closed |
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If this is a purchase, depending on what your purchase and sale
agreements say, you usually get the keys on the closing day or
within a few days |
