Loan Process

THE LOAN PROCESS: A Step-by-Step Guide
We makes it easy from start to finish. Here’s a step-by-step guide to help you find your way through the process of securing a loan.

Make the right choices
1. Select a real estate agent.
2. Choose ME as your lender and pre-qualify for a mortgage loan.
3. Find property in your price range.
4. Sign a purchase and sale agreement.
5. Complete loan application authorizing lender to order property appraisal, credit verification and title insurance.

Process the Loan
6. Loan processor orders necessary documentation and verifications.
7. Lender receives credit report and verifications.
8. Loan processor contacts borrower if questions arise.
9. Lender receives property appraisal.
10. Loan processor packages loan and submits to underwriting for approval
11. Loan processor notifies borrower of underwriting conditions.
12. You determine when to lock in interest rate.
13. Loan processor verifies that underwriting conditions have been met.
14. Loan processor provides loan documents to escrow agent or attorney for closing.
15. Loan processor receives report that property has clear title.

Finalize Your Loan
16. You and seller sign closing loan documents.
17. Loan processor sends final loan documents to funding for review.
18. Deeds are recorded and the lender disburses funds.
19. Loan closes.
20. You move into your new home!


Equal Housing Lender. © 2011 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. Alabama Consumer Credit License MC 20878; AZ License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002; To check the license status of your CO Mortgage Broker, visit www.dora.state.co.us/real-estate/index.htm; Florida Mortgage Lender license #ML.100000098; ID Mortgage Broker License No. MBL-2803; IL Residential Mortgage Licensee – License #MB.6760738, 201 Columbine Street, Suite 300, Denver, CO 80206; MI First Mortgage License No. FL0011392; MN Residential Mortgage Originator License No. 20447094; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan Company and Loan Broker Act Reg. No. 01856; OK Mortgage Broker- License No. MB001365; OR Mortgage Lender License No. ML-776; TX Mortgage Banker Reg. No. 74182; UT Mortgage Lender Company License No. 5495659-MLCO; Vermont Broker License #0995MB; Vermont Lender License #6141; WA Consumer Loan License No. CL-3233; Wisconsin Mortgage Banker License No. 699991.