The
process is simple. You meet with a loan officer who completes the
home loan application that includes pulling the credit report and
taking copies of all of the required documentation. The loan amount
is then determined and the loan package is submitted for pre-approval.
Once the pre-approval is obtained, you then meet with your real
estate agent to locate a desired property.
Once you have located the property and an offer is accepted by the
seller, the realtor forwards the Purchase and Sales Agreement (P&SA)
to Admiral Mortgage.
When received, the Processor places orders for title, appraisal,
and sets up escrow. All documents are gathered and submitted to
underwriting for approval and final closing conditions.
The Processor receives the final documents and closing conditions
from the underwriter. The Processor then gathers final closing documents
and resubmits them to underwriting for final approval.
Upon receiving final approval, closing documents are ordered and
sent to escrow.
Escrow clears title, prepares final documents, brings in buyer for
signing, and forwards these documents to the investor for acceptance
and loan funding.
The process is simple. You meet with a loan officer who completes
the home loan application that includes pulling the credit report
and taking copies of all of the required documentation. The loan
amount is then determined and the loan package is submitted for
pre-approval.
Once the pre-approval is obtained, you then meet with your real
estate agent to locate a desired property.
Once you have located the property and an offer is accepted by the
seller, the realtor forwards the Purchase and Sales Agreement (P&SA)
to Admiral Mortgage.
When received, the Processor places orders for title, appraisal,
and sets up escrow. All documents are gathered and submitted to
underwriting for approval and final closing conditions.
The Processor receives the final documents and closing conditions
from the underwriter. The Processor then gathers final closing documents
and resubmits them to underwriting for final approval.
Upon receiving final approval, closing documents are ordered and
sent to escrow.
Escrow clears title, prepares final documents, brings in buyer for
signing, and forwards these documents to the investor for acceptance
and loan funding.
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