Loan Process...
Application ON-LINE

  • You meet with loan officer; discuss financing options
  • Loan application taken
  • Sign and receive copies of all loan documents
  • Loan officer reviews good faith estimate and funds to close
  • In-file credit report ordered and reviewed
  • You obtain homeowners insurance (after loan application)
  • You submit any additional information requested by your loan officer

    Setup
  • Loan processor receives file
  • Appraisal, credit report, title work ordered at this time
  • Employment verified
  • Assets to close are reviewed

    Underwriting
  • Loan submitted to underwriter electronically or to a staff underwriter
  • Additional information to clarify a question may be requested
  • Underwriter approves loan at this stage

    Closing
  • Fairway closing department prepares your closing papers
  • Papers are sent to title company from our office
  • Title Company schedules closing date and time with you
  • Homeowners policy required or closing papers cannot be ordered

    Closing at Title Company
  • Time to sign all documents; driver's license required
  • Cashier's check made out to title company for funds to close

     


    		•