How a traditional lender (such as a bank or mortgage broker)
processes a loan.

Loan Officer in branch office pre-qualifies you and collects required information and documents. Mails or faxes documents to corporate headquarters.

Processor, in a central office, reviews your information and requests any additional documents. Once documentation is complete, everything is transferred to an underwriter.




Underwriter, a person who typically has no direct contact with you before making the decision to approve or disapprove your loan.

If approved, the Closer assembles the paperwork and mails or faxes documents to the local office.

Escrow or title company closes the loan.

Understand the loan process
Once a home has been selected, the processing of the loan can take up to 40 days or more if you use a traditional lender such as a bank.

Pre-Approved / Pre- qualified
When you start shopping for a home, it's nice to know just how much home you can afford. Even better, wouldn't you like an edge over other buyers interested in the same home you are?

Here's the difference between these two buyer tools.

Pre-qualification	Pre-qualification
Provides a "ballpark" estimate of your borrowing power Is based on summary information you provide on your income and assets Requires satisfactory review of property, financial documents and program requirements to issue final approval Is offered by most lenders	Provides proof to real estate agents and sellers that you're approved for a specific loan amount Is based on a verification of your income, credit and assets (in some cases, verification may not even be necessary) Requires a satisfactory appraisal and title review and no change in financial condition for final approval Is offered by Kyle Beavert as a service to you before you find a home at no cost Is quick and easy
How to get it Contact your local branch Call (310) 791-2297