LOAN PROCEDURES
- REVIEW FILE THOROUGHLY FOR ACCURACY TO CATCH POTENTIAL PROBLEMS AT THE BEGINNING OF THE FILE
- CHECK ALL DOCUMENTS
- REQUEST ANY MISSING DOCUMENTS FROM BORROWER
- CALL BORROWER TO REVIEW ITEMS NEEDED AND PROCEDURES
- ORDER APPRAISAL AND TRACK PROGRESS
- ORDER TITLE AND TRACK PROGRESS
- ORDER ANY OTHER NECESSARY ITEMS
- SUBMIT FILE TO LENDER (SEND EMAIL UPDATE-FILE SUBMITTED)
- RECEIVE APPROVAL-SEND CONDITIONS NEEDED TO BORROWER AND REALTORS (IF APPLICABLE)
- ANY ISSUES WITH APPROVAL OR SUSPENDED FILES WILL DISCUSS WITH L.O. AND HELP WITH SOLUTIONS
- CALL BORROWER TO REVIEW ALL CONDITIONS
- FOLLOW UP ON CONDITIONS UNTIL ALL CONDITIONS ARE RECEIVED
- RESUBMIT CONDITIONS TO LENDER AS NEEDED
- REVIEW APPRAISAL FOR ACCURACY, ANY ISSUES WITH VALUE NOTIFY L.O.
- APPRAISAL REPAIRS SENT TO BORROWER AND AGENTS
- APPRAISAL COPY SENT BORROWER
- APPRAISAL FINAL INSPECTION ORDERING, FOLLOW UP
- REVIEW TITLE WORK FOR ACCURACY
- GET FILE CTC
- FOLLOW UP ON CD AS PER LENDER PROCEDURES -FOLLOW UP ON CD SENT, CD SIGNED AND 3 DAY COMPLIANCE
- WORK WITH LENDER/BORROWER/AGENT/TITLE ON CLOSING DATE/TIME
- FOLLOW UP ON CLOSING DOCS/ORDER DOCS IF APPLICABLE