The document outlines the mortgage loan cycle in the United States, including the primary market origination process of loan application, processing, underwriting, closing, and funding. It also mentions the secondary market where loans are serviced and default serviced, and documents are audited before money is disbursed to investors. The purpose of mortgage loans can be to purchase a property, refinance an existing loan, or fund construction projects.

1. Mortgage Loan Cycle in United states
Mortgage??
“Pledgethe property andgetthe money”
Borrowerneedsto pledgethe subjectproperty in order to getthe
loan amount.
Purpose of Loan
1. Purchase
2. Refinance
3. Construction
Presented by,
Chandrashekhara L

2. A. Primary Market/Origination
1 . Loan Application (1003):
a. Paper Application
b. Electronic application
2 . Loan Processing: Document Verification and will reach out the
borrower to procure the missing information/documents.
3. Underwriting : Credit Score, Risk Scores and specific lender unique
criteria for scoring. Process will be Automated or manual intervention.
4. Closing: CD
Signing the final set of documents to move forward for funding.
5. Funding & Shipping
B. Secondary Market
Stages in Loan Cycle:
1 . Loan Servicing
2 . Default Servicing
Disbursing of money from lender and documents are audited & copies
will be sent to investors.

3. Thank you...