the home loan process flow chart, samue scottfg
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Samuel Scott Financial Group is licensed by the CA Dept. of Real Estate, Real Estate Broker license 01458652 and NMLS 235584. Equal Opportunity Lender.
HOW CAN WE HELP? 858.259.6070 www.SamuelScottFG.com | [email protected] 12275 El Camino Real Ste 130, San Diego CA 92130
Once the conditions for the loan have been met, Opes Advisors will send your file into Escrow. During closing, you will get a call from an Escrow officer to come in and sign the loan documents. After reviewing them carefully and settling any credits or costs, Escrow will return your docs to Opes for funding. The funds will be transferred to the selling party and you will receive the title to your new home. Congratulations – you’re done!
Samuel Scott Financial Group works with Opes Advisors to underwrite our loans. As a mortgage bank, Opes can fund their own loans or broker them out, giving our clients more options and better opportunities. Our underwriters will carefully evaluate the loan application and documents, assess the risk and determine the conditions for the loan. Your Mortgage Advisor will be there to help if you need any additional documents to close.
A Samuel Scott Loan Processor will organize the paperwork, make sure the documentation is complete and prepare your application for underwriting. They will review your credit reports, verify debts and examine payment histories. Our team is trained to trouble shoot potential challenges early on and help you prepare written explanations about late payments, property issues, etc.
To apply for a loan you will need to submit information about your personal finances and the property you wish to purchase. Within a few days of receiving all required documents, our Mortgage Advisor will come back to you with a Good Faith Estimate and a Truth in Lending Disclosure. Get Started Now: SamuelScottFG.com/loanapplication
LOAN APPLICATION Completing the loan application online or
with the help of a Mortgage Advisor
PROCESSING Gathering, Analyzing & Supporting
Statements from the Application
UNDERWRITING Performing an in depth analysis of
credit history, property and conditions
CLOSING / FUNDING Reviewing and signing documents
to fund the loan and close the transaction
The Home Loan Process: Let the experts at Samuel Scott Financial Group guide you through a smooth real estate transaction. We have all the tools and resources to get even the most complicated of loans closed on time.