Getting a Loan - Step 4: Loan Submission

Posted On: Friday, February 3, 2012 - 5:32pm | Posted By: Diane Hourany
Topics: Buyers and Sellers | Tags: loan application, loan approval, loan documentation, loan submission, mortgage broker

Your loan for your dream home is in process: you've submitted all your paperwork, the mortgage broker has ordered your credit report and the preliminary title report on the property, as well as an appraisal. The next step is for your mortgage broker to submit all of this documentation to the lender.

  • Loan Submission - Once all the necessary documentation is in, the loan processor puts the loan package together, your loan agent prepares a cover letter, and your completed file is submitted to a lender for approval.
Monday: Step 5 - Loan Approval

Diane Hourany

What makes me different from a “traditional agent” –most agents do business as if they will never see or hear from you again.
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