Our Process
Introduction
This is the first step in the process where you and your loan officer will establish expectations, assess your credit qualifications and discuss various financing options to fit your needs.
Application
The application portion of the process gives your loan officer and processors the information needed to start your loan efficiently and get your file into underwriting without delay.
Documents
Your loan officer will provide you with a list of documents needed such as; tax returns, pay stubs, W-2’s etc. Once these are received, your loan officer will analyze your credit, income and other factors provided to run a true “approval” on your file that will be provided to you and your realtor. Let’s start house shopping!
Contract
Congrats, now you’re under contract for your new home! Let’s get to work….
Appraisal
We team up with top Appraisal Management Companies in your area to assess the value of your new home. This is a very important step that we streamline as quick as possible to establish your new homes market value. This step is done whether you are buying or refinancing your current mortgage.
Underwriting Approval:
You’re approved! You are now in a “approved with conditions” status. Conditions are things that our underwriters need to clear up in order to get your loan clear to close. You will work with both your loan officer & processing staff to satisfy these items quickly so we can wrap your loan up.
Clear to Close:
Congrats! You’re almost done! This is the phone call that our loan officers and processors love to make. Now, let’s get to the final step…
Closing:
Our closing department works with the title agent/closing attorney to assemble the closing documents and confirm the funds required to close your loan. We make it a point to ensure a smooth and stress free closing process for all parties involved. Once you’re done signing, enjoy your new home and we at Kloze Mortgage wish you the best of luck!
