I conscious of the Mortgage Processing part of it, but am pleased with the steps involved in the credit setup confused. Is it going in the early stages of the documentation with the dealer? I need to know the steps in this process in detail questions. Give you. . .
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I conscious of the Mortgage Processing part of it, but am pleased with the steps involved in the credit setup confused. Is it going in the early stages of the documentation with the dealer? I …
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I ‘m not sure just what you are looking at but here we go
1st a broker/lender will take an application (1003) which includes asking detailed information about your job investments and creditors along with information on your current or future home
Next the broker/lender should evaluate your situation i.e what is best for this customer (loan type) once a broker/lender has found a loan that will work for the customer they will or should go over the loan type with the customer and provide them with a Good Faith Estimate of the cost and a Truth In Lending form that will show the cost of money over time ..next or upon approval from the customer the broker/lender should be in the process of getting the loan package a PRE-approval and advise the customer just what is needed to prove income assets etc
Hope this helps ..Need additional help email me mortgagesaver01@yahoo.com
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