Origination & Underwriting
3
Origination: A licensed loan specialist reviews financing options and works with
you to complete the credit application.You may then be issued a “conditional
approval.” This means your information must be verified before a full
approval offer can be issued to you.
Underwriting: Credit risk is
determined based on credit score,
income, existing debt and
down payment.
FOR
SALE SOLD
6
Closing
The final step of the home loan process!
• Titling is finalized with the title company
• Closing documents are signed
• Closing costs are paid