1. Movement Mortgage is Different
HOW WE DO BUSINESS
Movement Mortgage
Day 1: Application taken and upfront items received electronically (W-2, Pay Stubs,
etc.). File electronically submitted to underwriter with credit times.
Day 2: Loan approved by underwriter with conditions.
Day 2-10: Conditions collected by loan officer and processor.
Day 11: File cleared to close. Package out three days prior to closing.
Our Competitors
Day 1-2: Loan officer takes application, runs automated underwrite, and sends approval
to the REALTOR®. Loan officer sends loan package with a request for more
information.
Day 9: Loan officer receives loan package and sends to processing.
Day 14: Processor calls borrower for additional items needed.
Day 18: Client turns in more documentation. File is sent to underwriter.
Day 21-22: Underwriter approves file subject to additional conditions. Loan officer,
processor, and agent look for missing conditions.
Day 26-27: Underwriter clears final conditions and closer begins working on the file.
Day 29: Loan package sent to attorney.
Day 30-45: Client is still waiting. Loan is projected to close.
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