{"id":1535,"date":"2018-06-23T12:47:31","date_gmt":"2018-06-23T12:47:31","guid":{"rendered":"https:\/\/cranbrookloans.com\/?page_id=1535"},"modified":"2018-07-17T12:01:45","modified_gmt":"2018-07-17T12:01:45","slug":"home-loan-toolkit","status":"publish","type":"page","link":"https:\/\/mortgageoriginator.org\/michaeldavis\/home-loan-toolkit\/","title":{"rendered":"Home Loan Toolkit"},"content":{"rendered":"<div class=\"col-md-8\">\n<div class=\"enigma_blog_full\">\n<div class=\"enigma_blog_post_content\">\n<p><u><strong>Purchase<\/strong><\/u><\/p>\n<p>From the sale to closing, here is how we represent you step-by-step and help you move smoothly through the home buying process:<\/p>\n<p><strong>Step 1 &#8211; MEET WITH YOUR CRANBROOK LOANS MORTGAGE ORIGINATOR<\/strong><\/p>\n<ul>\n<li title=\"\" data-original-title=\"\">We collect Loan Application information.<\/li>\n<li title=\"\" data-original-title=\"\">We review Credit Report<\/li>\n<li title=\"\" data-original-title=\"\">We issue disclosures and request signature<\/li>\n<li title=\"\" data-original-title=\"\">We collect supporting documents<\/li>\n<li title=\"\" data-original-title=\"\">We issue Buyer Pre-Approval Certificate<\/li>\n<li title=\"\" data-original-title=\"\">We complete a Employment Verification<\/li>\n<li title=\"\" data-original-title=\"\">We Complete a Deposit Verification<\/li>\n<\/ul>\n<p><strong>Step 2 &#8211; FIND YOUR HOME USING YOUR REAL ESTATE AGENT<\/strong><\/p>\n<ul>\n<li title=\"\" data-original-title=\"\">Select Home<\/li>\n<li title=\"\" data-original-title=\"\">Prepare \/ Sign Purchase Agreement \/ Contract<\/li>\n<li title=\"\" data-original-title=\"\">Professional Property Inspection<\/li>\n<\/ul>\n<p><strong>Step 3 &#8211; PROCESSOR<\/strong><\/p>\n<p><strong>Orders:<\/strong><\/p>\n<ul>\n<li title=\"\" data-original-title=\"\">Title<\/li>\n<li title=\"\" data-original-title=\"\">Appraisal<\/li>\n<li title=\"\" data-original-title=\"\">Sets Up Escrow<\/li>\n<li title=\"\" data-original-title=\"\">Flood Determination<\/li>\n<\/ul>\n<p><strong>Step 4 &#8211; UNDERWRITER<\/strong><\/p>\n<ul>\n<li title=\"\" data-original-title=\"\">Issues Loan Conditions<\/li>\n<li title=\"\" data-original-title=\"\">Verifies the loan meets lending and regulatory requirements<\/li>\n<li title=\"\" data-original-title=\"\">Provides Conditional and final approval<\/li>\n<\/ul>\n<p><strong>Step 5 &#8211; PROCESSOR<\/strong><\/p>\n<ul>\n<li title=\"\" data-original-title=\"\">Clear Underwriting Loan Conditions<\/li>\n<li title=\"\" data-original-title=\"\">Request Closing Documents<\/li>\n<\/ul>\n<p><strong>Step 6 &#8211; ESCROW OFFICER or CLOSER<\/strong><\/p>\n<ul>\n<li title=\"\" data-original-title=\"\">Order Payoff Statements<\/li>\n<li title=\"\" data-original-title=\"\">Clear Title<\/li>\n<li title=\"\" data-original-title=\"\">Prepare Closing Statements<\/li>\n<li title=\"\" data-original-title=\"\">Set up appointments with parties to Execute Documents (Signing)<\/li>\n<li title=\"\" data-original-title=\"\">Record Deed of Trust<\/li>\n<li title=\"\" data-original-title=\"\">Close Purchase Transaction<\/li>\n<\/ul>\n<p><strong>Step 7 &#8211; ENJOY YOUR NEW HOME!<\/strong><\/p>\n<p><u><strong>Refinance<\/strong><\/u><\/p>\n<p><strong>Step 1 &#8211; MEET WITH YOUR\u00a0CRANBROOK LOANS MORTGAGE ORIGINATOR<\/strong><\/p>\n<ul>\n<li title=\"\" data-original-title=\"\">Loan Application<\/li>\n<li title=\"\" data-original-title=\"\">Credit Report<\/li>\n<li title=\"\" data-original-title=\"\">Preliminary Approval<\/li>\n<\/ul>\n<p><strong>Step 2 &#8211; PROCESSOR<\/strong><\/p>\n<p><strong>Orders:<\/strong><\/p>\n<ul>\n<li title=\"\" data-original-title=\"\">Title<\/li>\n<li title=\"\" data-original-title=\"\">Appraisal<\/li>\n<li title=\"\" data-original-title=\"\">Sets Up Escrow<\/li>\n<li title=\"\" data-original-title=\"\">Flood Determination<\/li>\n<li title=\"\" data-original-title=\"\">Employment Verification<\/li>\n<li title=\"\" data-original-title=\"\">Asset Verification<\/li>\n<\/ul>\n<p><strong>Step\u00a03 &#8211; UNDERWRITER<\/strong><\/p>\n<ul>\n<li title=\"\" data-original-title=\"\">Loan Conditions<\/li>\n<li title=\"\" data-original-title=\"\">Verifies the loan meets lending and regulatory requirements<\/li>\n<li title=\"\" data-original-title=\"\">Conditional approval<\/li>\n<\/ul>\n<p><strong>Step\u00a04 &#8211; PROCESSOR<\/strong><\/p>\n<ul>\n<li title=\"\" data-original-title=\"\">Clear Underwriting Conditions<\/li>\n<li title=\"\" data-original-title=\"\">Request Closing Documents<\/li>\n<\/ul>\n<p><strong>Step\u00a05 &#8211; Escrow Officer or Closer<\/strong><\/p>\n<ul>\n<li title=\"\" data-original-title=\"\">Order Payoff Statements<\/li>\n<li title=\"\" data-original-title=\"\">Clear Title<\/li>\n<li title=\"\" data-original-title=\"\">Prepare Closing Statements<\/li>\n<li title=\"\" data-original-title=\"\">Set up appointments with parties to Execute Documents (Signing)<\/li>\n<li title=\"\" data-original-title=\"\">Record Deed of Trust<\/li>\n<li title=\"\" data-original-title=\"\">Close Purchase<\/li>\n<\/ul>\n<p><strong>Step 7 &#8211; ENJOY YOUR NEW LOAN!<\/strong><\/p>\n<p><strong>DOCUMENTS NEEDED<\/strong><\/p>\n<p>(some items may not be applicable to your situation)<br \/>\nCurrent Pay stubs For 1 Consecutive Month<br \/>\nW-2\u2019s for (Most Recent 2 Year\u2019s)<br \/>\nPersonal Bank Statement for all checking and saving accounts for prior 3 months<br \/>\nAll Stock and Bond, Mutual Funds, Options, and Investment Brokerage Statements (Most Recent)<br \/>\nAll 401K or Retirement Plan Statements (Most Recent)<br \/>\nSocial Security Award Letter (to document income from social security)<br \/>\nListing agreement\/ Purchase agreement for the sale of current home<br \/>\nBankruptcy discharge and petition (if bankruptcy has been filed in last 7 years)<br \/>\nCopy of Drivers License (Front and Back)<\/p>\n<p>For Commissioned and Self Employed 1040\u2019s complete, including all schedules for Most Recent 2 Year\u2019s<br \/>\n1120\u2019s All schedules for Most Recent 2 Year\u2019s<br \/>\nIf applicable If Renting Landlord\u2019s name and address and phone number 12 Months cancelled checks (front and back)<\/p>\n<p>Purchase Only<br \/>\nPurchase Agreement<br \/>\nCopy of Earnest Money Deposit Check<\/p>\n<p>Refinances Only Mortgage Statement (1st, 2nd, home equity) (Name\/Address\/Phone\/Acct #)<br \/>\nHomeowners Insurance Policy (Declarations Page) (Name\/Address\/Phone\/Acct #\/Agent)<\/p>\n<p><strong>Dos and Dont\u2019s While Your Loan is in Progress:<\/strong><\/p>\n<p>KINDLY MAKE SURE YOU DON\u2019T: * Apply for something in which your credit report needs to be pulled. * Start significant home improvements on your home. * Apply for any type of new debt. * Co-sign on a loan. * Change jobs\/employer without inquiring about the impact this change would have on the approval\/approvability of your home loan. * Make major purchases during or prior to closing (i.e., new car, furniture, appliances, electronics) because this might impact your qualification ratios. Please confer with me to calculate what your ratios would be with any additional debts. * Close\/open or transfer any asset accounts without inquiring about the proper documentation required for our loan file (i.e., if you transfer all the funds in your stock account to your savings account, documentation is required). * DON\u2019T open or increase any liabilities, including credit cards, signature loans, etc., during the loan process. Please check with me for any documentation that will be required and what impact this would have on your qualification ratios.<\/p>\n<p>KINDLY MAKE SURE YOU DO: * Continue paying your bills on time including any mortgage, car, credit cards, etc. even if they\u2019re being paid through the new loan. * Inform us in advance of any employment or income change. * Keep copies of all pay check stubs, and asset statements you receive. We are required to update any documents that are over 30 days old prior to the closing of your mortgage loan (this is required even if your loan is approved). * Call us anytime if you are unclear or have a question about your loan. * During the processing of your loan request, we encourage you to follow these instructions until all loan proceeds have been disbursed by the title company. * Provide any documentation regarding the sale of your current home when you receive it.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Purchase From the sale to closing, here is how we represent you step-by-step and help you move smoothly through the home buying process: Step 1 &#8211; MEET WITH YOUR CRANBROOK LOANS MORTGAGE ORIGINATOR We collect Loan Application information. We review Credit Report We issue disclosures and request signature We collect supporting documents We issue Buyer &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/mortgageoriginator.org\/michaeldavis\/home-loan-toolkit\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Home Loan Toolkit&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1535","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/pages\/1535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/comments?post=1535"}],"version-history":[{"count":3,"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/pages\/1535\/revisions"}],"predecessor-version":[{"id":1912,"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/pages\/1535\/revisions\/1912"}],"wp:attachment":[{"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/media?parent=1535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}