The second part of the loan process is processing. Once you have an accepted purchase contract we can complete your mortgage application. Once your application is complete (property address and purchase price) your file is forwarded to processing.
During processing: a flood certification is ordered, the FHA Amendatory Clause is distributed for signatures, Income is recalculated to check for accuracy, your Social Security Number is verified with the Social Security Administration, tax returns are verified with the IRS, your employment is verified with your employer, your checking and savings accounts are verified with your bank, a request is made of the title company, (Chain of title, Preliminary HUD, Closing Protection Letter and Wiring Instructions), a Declaration of Insurance coverage is made of your Insurance Agent, and an appraisal is ordered.
If you are obtaining an FHA loan a Case Number, LDP, EPLS, MIP Calculator, Case Query, and Caivers are also requested.
Additional documentation may be requested at this time.
Once processing is complete your file is forwarded to underwriting.
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
When you think mortgage, think Josh, Mortgage Josh, Your Friend in the Mortgage Business! – 251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695
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