| 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 |
