How It Works
The loan process can seem daunting, but with the right partner, it's simple.
The Home Point Financial team will communicate with you every step of the way; this helps keep loans on track and closing on time. Loan programs differ, so it's difficult to predict exactly, but most loans close in an average of 30-45 days. Here is what you can expect along the way:
Give us a Call - Or, we will call you
Tell us the best way to communicate with you and we'll be happy to get the ball rolling. The first step in ensuring that we provide the very best mortgage experience is proper communication. We believe in upfront communication throughout the loan process to ensure that you understand what is happening at every step.
Start Your Application
We will need to verify some information as part of the loan process. We will begin with your identifying information (name, address, birth date, income history and some basic supporting documents). Then, we will review your credit to allow our mortgage experts to determine what loan program best suits you and provides you with the best pricing for your situation.
Once we receive your loan application, have reviewed your credit and discussed the loan programs available for you, we will underwrite your loan. Underwriting is the process of verifying the information you provided in your application. Our underwriters will use supporting documentation that you submit to verify your income, assets and debt. Our loans go into underwriting immediately, so that any questions that arise can be resolved well before the closing date. But don't worry - we will communicate with you at every step of the way!
Once the underwriting process is complete, it's time to close your loan. As with the other steps, our mortgage experts will guide you seamlessly through this step. We will work with the title company to compile the closing paperwork and confirm the total funding amount for the loan. With careful planning along the way, closing can be a smooth and simple process.