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Mortgage Loan Process = Pre-Approval Done

Loan Packaging & Lender’s Disclosures (1-2 days) = Contract / Start Go

Loan Setup (2-3 days) = DISC Recvd (not “To Setup” since we may be ordering stuff before all supporting docs are submitted)

Processing / Credit Approval (2-3 days) = To Processing

Initial Underwriting Approval & Conditions (2-3 days) = UWS

UW – A?? – I guess we don’t have one since UW-S says it’s coming.

Sign the Initial Closing Disclosure (CD) (Immediate) = CD Requested

Final Underwriting Approval (1-2 days) & Closing Overview = this is really just the closing day overview. = CTC-S

Docs to Title / Final CD Issued (1-2 days) = CTC

Closing & Funding (TBD) = Instructions Out

After Closing = Funded

 
Mark

Mark Pfeiffer

Branch Manager
Loan Officer, NMLS # 729612
972.829.8639
MortgageMark@MortgageMark.com

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