Your loan originator will review your credit, income, assets and provide you with mortgage product options and pricing.
You will provide authorization for credit release, income documentation and statements disclosing your assets.
Your loan originator can assist you with completing the details of your application and send you the completed copy for you to sign along with a complete loan disclosure package required by law.
Your loan will be submitted to the lender for registration and underwriting review which should lead to a loan approval!
At this point you should be in possession of a loan approval with a list of conditions to be met prior to receiving final approval. Your loan originator will work in tandem with your attorney and title company to meet these conditions.
A disclosure will be provided a minimum of three business days prior to closing as required by federal law. This will outline your final closing costs and cash needed to close.
All pre-closing conditions have been provided and underwriter will review and issue final approval! A closing date can now be set!
You will attend the closing and the funds will be disbursed to appropriate parties by closing settlement agent – CONGRATULATIONS ON COMPLETING THE LOAN PROCESS!!!
Upscale Equities, Inc. NMLS ID #25840
Licensed Banking Department State of New Jersey
This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.