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Mortgage Loan Originator PowerPoint PPT Presentation


Informs about various mortgage options to the borrowerQuotes interest rates and fees corresponding to the mortgage optionsAssists in completing the application formsRequests for documents necessary to complete the formalitiesProvides estimates of loans and other disclosures to the borrowerOrders appraisalsLocks in interest rateshttp://www.awmlending.com/shortapp.php

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Mortgage Loan Originator

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All western mortgage

All Western Mortgage

The Mortgage Loan Process and Roles of Various Parties Involved


Mortgage loan originator

  • Most would-be homeowners dread the cumbersome mortgage loan process that is necessary for realizing their dream of buying a home. But, the mortgage loan process doesn’t necessarily need to be difficult. As soon as you fill All Western Mortgage’s short mortgage application form, our Loan Originator will work closely with you till the time of closing of your loan.


Here is a summary of the loan process to give you an idea of what to expect

  • Borrower

  • Mortgage Loan Originator

  • Underwriter

  • Processor

  • Appraisal Reviewer

  • Closer

  • Closing Agent

Here is a summary of the loan process to give you an idea of what to expect.


Borrower

Borrower

Fill out the short mortgage application (unless your agent advice you to fill the complete form)

Contact Loan Originator

Initial documentation (bank statements, pay stubs, tax returns etc.)

Homeowner’s insurance

Signing of final loan documents given by the Closing Agent

Provide mortgage closing funds


Mortgage loan originator

Mortgage Loan Originator

Informs about various mortgage options to the borrower

Quotes interest rates and fees corresponding to the mortgage options

Assists in completing the application forms

Requests for documents necessary to complete the formalities

Provides estimates of loans and other disclosures to the borrower

Orders appraisals

Locks in interest rates


Underwriter

Underwriter

An underwriter’s primary role is to review the documents submitted by the borrower and establish his/her credit worthiness

Issuing final loan decision


Processor

Processor

A processor confirms the terms and conditions of the loan with the borrower

Collects all the additional documents

Re-submits the file after collecting all the additional documents to the underwriter for approval


Appraisal reviewer

Appraisal Reviewer

Reviews the value of the property for appraisal

Issues the appraisals to the borrower


Closer

Closer

Prepares closing document package

Sends the package to the closing agent

Wires loan funds


Closing agent

Closing Agent

Schedules the closing of mortgage

Informs the borrower about the funds that are required for closing the loan

Informs and presents the borrower with the final documents that need to be signed for closing

Witnesses the sign of the borrower on all necessary documents


All western mortgage1

All Western Mortgage

Address:8345 W Sunset Rd

Suite 380 Las Vegas, NV  89113

Phone: 702-850-2790

Corporate: 702-369-0905

Fax: 702-906-0153

E-mail: [email protected]

Website:

http://www.awmlending.com/


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