Our Mortgage Loans Processing Outline

At Table Rock Mortgage we want to introduce you to our mortgage loan process so that you know our stages and what they mean. The mortgage loan processing outline below includes information that we believe you will find very useful.

Initial Application
This is when our paths cross. You can either fill out an application online or over the phone with my assistant, Melinda or me. During this process we assess your mortgage loan application and schedule a meeting. In most cases, after obtaining a credit report, we can give you a preliminary credit approval within 24 hours of your initial loan application.

Finance Talk
This is our first meeting in which we gather all of your information. At this point we will request your personal information and any documentation necessary to process your loan. You will also be requested to sign disclosures. Disclosures state our estimated costs and state statues so that you understand this process fully.

Processing
After we have gathered all pertinent information we will submit the loan to our processing department. The processor's job is to make sure all of the information we have is correct and can be validated. This process typically takes 48-72 hours.

Underwriting
The processor then will submit your loan to a lender to get a "Conditional Approval". A Conditional Approval is when the Investor may request additional information such as proof of assets and employment. This process takes anywhere from 24-72 hours, depending on the investor. After everything has been approved it takes at least another 24-48 hours for docs to get sent to the Title Company.

Closing
At this point I will meet you at the previously selected Title Company to sign your papers and make sure that everything is set the way we had discussed during our Finance Talk.

Funding
You will be notified at closing how long it might take for the recording on the deed as to what the expected funding date is. After the loan is funded you will receive the Key to your new home or check in your account on a refinance.

Every client is provided with a 16-point contact system to ensure constant and reliable communication throughout every step of the mortgage process

• Application - Introduction to Table Rock Mortgage (Overview of the Loan Process)
• After Appointment Thank You Call
• Personal Hand Written Thank You Card
• Condition Confirmation Call - what (if any) additional items are needed for underwriting
• Approval or Status Call
• Tuesday Update Call - 1st Tuesday
• Approval Confirmation Call
• Tuesday Update Call - 2nd Tuesday
• Tuesday Update Call - 3rd Tuesday
• Tuesday Update Call - 4th Tuesday
• Pre-closing Call
• Attend the Closing
• After Closing Thank You/Survey Call
• Payment Coupon/Mortgage Loan Statement Confirmation Call
• 6 Month Client Service Call
• Annual Review