Step 2. – most of your requested documents are in place now (paystubs, bank statements, etc.) This is where all the behind the scenes magic happens – IRS tax transcripts, flood certification, employment verification, home insurance updates, payoff request, closing scheduled, etc..)
YOUR ACTION: If you don’t already have home insurance in place, now is the time to do so. I have a great local insurance agent and am happy to give a referral for a second opinion.
Please help us help you. Be responsive to any requests from processing to avoid unnecessary delays with your closing.
Our job is to make approving your loan simple; for everybody. Your loan processor helps make this happen. Lending guidelines often doesn’t follow common sense:
We don’t make the guidelines, but we understand them. And we take extra time during this step to avoid many of these seemingly silly questions later in the process.