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2020 Buyer's Guide Step 2

MORTGAGE LOAN PROCESS

Knowledge is the Key to Understanding

Step One
The Supreme Team, or your preferred lender, will conduct a pre-qualification loan interview to determine
mortgage financing terms available.

Step Two
After contract acceptance, lender orders credit report and verifies employment and deposits.

Step Three
Loan submission takes place, with the loan package assembled and submitted to the underwriter for
their loan determination.

Step Four
Upon loan approval, the borrowers are notified of any additional items necessary to fulfill the lender’s
requirements before documents are drawn and sent to title and escrow.

Step Five
Documents are prepared and sent to escrow for borrower's signing appointment.

Step Six
Funding of loan takes place after lender receives and approves final signed documents from escrow.

Step Seven

Loan proceeds are typically wired to the title company.

Step Eight
Upon receipt of all funds, the title agency records deeds at County Recorder's office.

Step Nine
Escrow has officially closed!

Our Preferred Lending Partner
The Supreme Team - Supreme Lending
Phone: 480-405-7700
Email: thesupremeteam@supremelending.com

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