What To Expect?
During the process of closing on your home, there are multiple steps involved and we’ll be with you every step of the way. One way we’ll help keep you informed is through our 5-Stage Communication Process
5-Stage Communication Process. This is a series of conversations and emails which ensures you’re receiving the latest information on the status of your mortgage loan. Here are the 5 Steps.
STAGE ONE: SUBMISSION TO UNDERWRITING
At this stage, we’ll be waiting for the underwriting team to make a decision on our mortgage loan submission.
STAGE TWO: PRELIMINARY UNDERWRITING APPROVAL
This is where our team may be asked to provide additional documentation to the underwriting team. At this stage, we’ll let you know the exact details of how we’re resolving this on your behalf.
STAGE THREE: SUBMISSION OF FINAL CONDITIONS
At this point, the underwriters have all the documentation they’ve requested in order to make their determination. We will prepare for the final underwrite.
STAGE FOUR: CLEAR TO CLOSE
When you receive this notification, we may have a few more questions from the final underwriting team in order for them to make their final decision. Usually, it’s just a few details that need further explanation.
STAGE FIVE: CLOSING DOCUMENT (CD) ISSUED
We’ll order the final documents and coordinate with the Title Company for your official closing.
In addition, you’ll also receive information on the next steps and helpful tips for each stage of the process. With this level of continuous communication, you can rest assured every detail is being addressed while we work toward closing on our projected timeline. If you’d like more information or a Free Consultation, please reach out to us.