1.
Mortgage ??
“Pledge the property and get the money”
Borrower needs to pledge the subject property in order to get the loan
amount.
Loan Cycle ->
Origination
|
Processing
|
Underwriting
|
Closing and funding
By - Ashish Kumar Sahu 1

2.
Originationis the process, when seller wants to sell
the property and buyer wants to buy the property. Broker is
the agent from lender side entitled to build the bridge
between the seller and the buyer. Once both party mutually
agrees for the settlement. Buyer approaches broker in order
to get Mortgage Loan. This process also called lead
generation where buyer needs to provide the essential
documents to check the eligibility.
Seller
|
Broker
|
Buyer
By - Ashish Kumar Sahu 2

3.
Processingis the team
which evaluates the borrower
assets and liabilities. Also checks
the integrity and accuracy of the
documents provided by the
borrower. If requirement arises
they may ask for other
documents.
By - Ashish Kumar Sahu 3

4.
Underwriting
The most important part of the loan cycle. Once the
documents are validated by Processor, Underwriter
calculates the eligibility of the Loan & payments. If the result
is positive underwriter gives the green signal.
Acceptance Rejection
By - Ashish Kumar Sahu 4

5.
Closing and Funding
After the underwriting approval, loan will reach to the
closing department and again it will be reviewed by the
closing team. At-last the loan will be funded to the
borrower. If the result remains positive.
By - Ashish Kumar Sahu 5

6.
Types of Mortgage
|
Conventional Government
VA
(Veteran Affair)
FHA
(Federal Housing
Administration)
RHS/
USDA
By - Ashish Kumar Sahu 6