The Loan Process

Once you have submitted your application, 

here are the next steps you can expect:

SIGN INITIAL DISCLOSURES


I will finalize your initial disclosure package including your loan estimate and send it to you to review. You will consent to signing and receiving documents electronically, then sign your initial disclosures.

 

VERIFICATIONS ORDERED


Your loan processor goes to work getting your file in order. The property appraisal, title report, and verifications are ordered. You will receive a list of documents or other information you need to provide before your file can be submitted to underwriting.

 

SEND ADDITIONAL DOCUMENTS


Gather any supporting documents and send them to me, if required. Keep things simple by using the mobile app to upload your documents!

 

SUBMIT TO UNDERWRITING


Your processor will gather and sort any supporting documents your provided, then submit your file to underwriting for the conditional approval.

 

CONDITIONAL APPROVAL


If everything in your file is in order, the underwriter will issue a conditional approval. I will explain the conditions to you and let you know if any additional documents are needed.

 

RESUBMIT TO UNDERWRITER


Your team at NRL will work on clearing the conditions they are responsible for while you gather any additional documentation that was requested. Your processor organizes your file and prepares it to be resubmitted to underwriting for a clear to close.

 

CLEAR TO CLOSE


Once a Clear to Close is issued, your file is sent to the closing team and you'll receive your Closing Disclosure. You're three days away from owning a new home! Don't forget to bring verified funds and your photo ID to closing, and get ready to celebrate!