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Timeline of a loan

 
Typical timeframes during the life of a loan...

Day
What You Do
What We Do
1
Monday
Apply for a loan -by phone or in person Pull your credit; develop loan options; prepare estimates of the loan costs; set an appointment to meet you; tell you what documents you need to bring
2
Tuesday
Meet with Verdeo partner; sign your application and disclosures Explain your options and costs
3-5
Wed-Fri
Relax and know you're in good hands Prepare your loan application and SUBMIT TO LENDER FOR APPROVAL
6-9
Mon-Thur
  Order the preliminary title report and appraisal; follow-up with lender for approval
10
Friday
Begin to gather required conditions/ documentation EXPECT APPROVAL; notify you of lender conditions you can meet; gather other conditions
11-13
Mon-Wed
Gather conditions; fax to us; sign disclosure documents sent to you by lender; complete escrows request for information to ensure a smooth transfer of title Follow-up, review and submit appraisal and title report to lender
14-16
Thur-Mon
  Submit conditions to lender for their review and clearance; ORDER LOAN DOCUMENTS
17-19
Tuesday-Thursday
Make arrangements to be available to sign loan documents once they are in title Follow-up with lender to get documents into title; coordinate a signing with you and title
20
Friday
  Docs arrive in title; they contact you to set a signing appointment and prepare the documents for your signing
23-24
Mon-Tues
SIGN YOUR LOAN DOCUMENTS with co-borrower (usually at title company) Gather and submit to lender any Prior to Funding conditions
25
Wednesday
  Title returns signed loan docs to lender for their review
26-26
Thur-Fri
  Lender reviews signed documents and remaining funding conditions
30
Monday
  LOAN FUNDS
31
Tuesday
Smile!... it's over and you own a new home or you have money to do things you've dreamed of doing! LOAN RECORDS; lender disburses your money to you


For more information, call us today at (877) VERDEO 1

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