“Brad is simply the best. He is professional, highly organized and simplifies what can be a daunting process.”
-John D.
Loan Application
Presentation and Processing
Underwriting and Funding
Your loan has been funded!
Applying for a loan is easy with our simple 3-step process.
Before applying for a mortgage loan, be sure to conduct your own research on the different types of mortgage loans that are available and find the one most tailored to your needs.
Please consult our information pages regarding FHA loans, Conforming Loans, Jumbo Loans, and Conforming High Balance Loans.
1.) Complete a 1003 Loan Application
Download and complete a 1003 Loan Application Form and formally submit the document to us by fax at (858)259-3982 or e-mail: Brad@ExpressFund.com. We will then set an official appointment with you in order to sign and verify the information submitted upon application and ask relevant questions.
2.) Presentation and Processing
For your appointment, be sure to present all the needed financial documents such as assets, financial statements, stock investments, property tax bill, etc. Not all of the aforementioned documents are required; however, it is much better for a person to be always ready in order to prevent any delays that may occur in the process.
We then evaluate the mortgage loan application in order to present your financial situation. It is an internal step of submitting your application to the underwriter of the lender, who is in-charge of the approval of mortgage loan.
3.) Underwriting and Funding
Underwriting is the stage wherein the underwriter makes a decision to approve the loan application. Then the underwriter making the decision may request additional information such as documents, statements, etc. to “clear conditions.” These can include things like verifications of employment, explanation letters explaining why payments were made late or clarifying gaps in employment. Don’t delay if you’re asked to clear conditions as this is the stage where many mortgage loans get delayed. Be patient with us and we’ll do our best to clear to clear these things up for you.
Once the conditions are cleared, the mortgage loan application has been properly approved and is ready to close. The official signing of papers occurs stating your intention and commitment to fulfill your financial responsibilities. Once you’ve received the signed documents, we will review the nature of the mortgage loan with you and answer any additional questions you may have.
That’s it – after that you’ve made it!