The document outlines the multi-step mortgage loan origination process, including pre-qualification, submitting a loan application, processing to verify documents and procure any missing information, underwriting to assess credit scores and risk, closing by signing final documents, and finally funding and shipping where money is disbursed and documents sent to investors.

1. Mortgage??
“Pledge the property and get the money”
Borrower needs to pledge the subject property in order
to get the loan amount.
LoanOrigination
Is a multi step process that every individual
must go through toobtain a mortgage or
home loan.

2. 2 . Loan Application (1003):
Paper Application and Electronic application
3 . Loan Processing: Document Verification and will reach out the
borrower to procure the missing information/documents.
4. Underwriting : Credit Score, Risk Scores and specific lender unique
criteria for scoring. Process will be Automated or manual intervention.
5. Closing: CD
Signing the final set of documents to move forward for funding.
Stages in loanOrigination
6 & 7. Funding & Shipping
Disbursing of money from lender and documents are audited & copies
will be sent to investors.
1. Pre Qualification
Borrower submit documents to Lender.

3. Thank you...