LOA/Processor Hybrid
HL Processing Packages
Initial Setup
The Loan Officer will kick off the process by:
- Submitting the initial application
- Purchase Contract (if applicable)
- Income documents
- Complete our loan submission
Disclosure
Borrower will receive Initial Disclosures within 24 hours.
Document Collection
Our dedicated Processor will promptly retrieve any additional documents needed from borrower, so there’s no need for you to chase them down.
Comprehensive Service
Once Initial Disclosures are signed, we take the next steps: Ordering Title, Appraisal, Insurance quotes all while preparing to submit your loan to underwriting.
Clear to Close
Following conditional approval, our team will work closely with you and borrower to ensure your loan gets Clear to Close (CTC) seamlessly and quickly.
Loan Officer Responsibilities
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Completes the loan application.
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Pulls the borrower(s) credit report.
LOA/Processor Responsibilities
Sends an initial Needs List to the borrower(s).
Reviews income and asset documentation.
Runs Automated Underwriting System (AUS) checks.
Pre-Qualification Process
Upon determining pre-qualification status, the Loan Officer will be notified to present loan options to the borrower(s).
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