In this podcast, lender Angel Luevanos and realtor Anthony Luevanos go over the lending process from start to finish. Below are the steps they outline:
Step 1: get pre-approved
Step 2: get RPA & started with initial disclosures
Step 3: order the appraisal
Step 4: go through processing
Step 5: send to underwriting
Step 6: get conditional approval & get appraisal back
Step 7: order closing disclosure
Step 8: send in conditions for final approval & clear to close
Step 9: order loan docs & sign loan docs
Send 10: send final wire for the funds
Step 11: fund to close and record new title