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OUR MORTGAGE PROCESS
Quicker mortgage process
We’ve changed the home loan process to make it simpler and faster. No need to wait weeks into the mortgage application process to have an underwriter review your mortgage application, like others lenders.
We underwrite first so you can close faster!
We underwrite first so you can close faster!
Ready to get home buyer ready? It’s Simple!
Underwriter Pre-Approval
This Is Powerful…..when buying a home
With our Full Underwriter Pre-Approval option, we submit your application for a full underwriter review and pre-approval. Once the underwriter has reviewed and approved the application, you can make offers with confidence knowing that your offer stands out from the others who are pre-approved.
In most cases once you have been underwriter approved, the only outstanding items are property specific items.
This is a BIG Advantage when making an offer…
and allows us to close quickly.
1. Pre-Approval
The first step of the mortgage loan process is to apply for pre-approval to determine your eligibility and your buying power.
With our quick online pre-approval application you can get your pre-approval quick. Most times in less than an hour!
Start Now, It only takes about 10 minutes to apply
2. We Underwrite First!
We underwrite first! What does this mean?
Unlike other lenders that start with processing first, then send the file to underwriting, we skip the processor and send your file right to underwriting first, saving you time.
The Underwriter will begin the loan underwriting process by thoroughly analyzing your finances, this includes searching for potential red flags while reviewing all documentation to determine whether you qualify for a mortgage.
3. Processing & Final
After your loan has passed the initial underwriting review, the Underwriter may still have questions and/or require additional documentation to satisfy any conditions for a final approval. Don’t panic about any additional requests for documentation – this is common when applying for a mortgage.
The processor will then start gathering all of the required gathering 3rd party documents, verify assets, income and employment, run various compliance and eligibility checks to get the file ready for final approval and clear to close.
4. The Closing
Once your loan has been cleared to close, we connect with your closing agent to finalize the closing documents.
You schedule your closing with your closing agent to sign all the final documents. Once the final documents are signed and your loan is funded….YOU GET THE KEYS!!
The LeoLends Home Loan is here to answer any of your home lending questions.
Contact Leo Today. 904-712-1500 or 203-525-3672
Quick and easy 10 minute loan pre-approval application
