Respectful attention
Applying for a loan can be a stressful process. The last thing you need is more stress.
LoanGroup will do everything possible to eliminate stress, answer all your questions and provide you with the information you need to make the best decision.
If you decide to apply for a loan, we will work hard to make the process smooth and fast.
Pre-Approval
Pre-approval involves obtaining a credit report that shows your credit score and your credit history. The lender can then identify the loan amount that you qualify for. Pre-approval will save you a lot of time.
Mortgage Application
A few documents are needed to start your loan file. We can collect some of the information online or by phone. We will let you know what information will be needed and we will also help you prioritize things.
Processing
At this step, we collect needed documentation from the borrower and the property, review all the information and assemble an orderly and complete package for the underwriter.
Underwriting
The underwriter evaluates all of the documentation prepared by the loan processor, checks to see if everything matches the eligibility requirements of the loan requested, and verifies the accuracy of the information provided. The underwriter is the one who actually approves the loan.
