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Loan Origination Process

  1. Speak with potential borrower and prescreen
  2. Take application or send application link
  3. Add to CRM
  4. Gather borrower documents
  5. Run credit
  6. Clean up application
  7. Run DU/LP (or review with Non-QM AE)
  8. Call applicant and discuss rates, lock timing, and eligibility
  9. Issue prequalification letter and send to applicant and agent(s)
  10. Scrub file
  11. Get title fees
  12. Submit to processing
  13. Check in with all parties weekly, or when milestones are reached
  14. Close