Blog Layout

The Mortgage Process Step 5: Processing and Underwriting the Loan

Mike Chissell, Trusted Mortgage Advisor • Jun 14, 2022

Just as a quick recap, once we have your pre-approval in step 1, we will send you a list of the documents that are needed for the mortgage process. These documents will be required by the underwriter and are crucial to prove that everything on the application is true and correct. It is vital that we get your loan documents as soon as possible, preferably before we even put in an offer, so we can make the transaction as seamless as possible. Once we receive your documents, we will do data integrity on your loan file, and send it to our processors. The loan processors will put the file in a specific structure for the underwriter to review. He or she will then submit the file to the underwriter, who will examine the initial documents and application. After they review the file, we will receive a loan approval with conditions. A loan approval with conditions means that the underwriter is prepared to approve the loan, if we can provide the necessary conditions they are asking for.


 You will then work with our processor to get the items request by the underwriter to keep the loan moving. This is a watershed moment in the mortgage process. This process can take a few days or a few weeks depending on how fast you get our processor the conditions requested. The onus is solely on you, as the borrower, to get the requested documents over as soon as possible. Our hands are tied until you provide the necessary items. Once we have submitted all the requested items to the underwriter, and the underwriter has no more questions, they will issue a clear to close.  A clear to close means that the underwriter has fully signed off on the loan and we will be starting the closing procedures. Typically, this process can take 3-4 weeks, but could be faster or slower depending on how fast you as the client move.


If you like to learn more about the mortgage process or have any questions about mortgage financing, give us a call at the office at 727-376-6900.


NMLS ID: 327290; NMLS ID: 2062741

Equal Housing Opportunity

Start Your Home Loan with Chissell Mortgage Group.

Your local mortgage broker.

NMLS #2062741

Mortgage Broker Trinity, Florida

See Chissell Mortgage Group Reviews.

Are yo ready to start your home or commercial loan?

Click to Share

5 Star Review: Finding the Best Broker in Pasco County

By Mike Chissell • 10 Apr, 2024
5 Star Review: Finding the Best Broker in Pasco County

Celebrating a Dream Come True: First-Time Home Buyer Success in Trinity, Florida

By Ryan Chissell • 14 Feb, 2024
Embarking on the Journey: The Challenge of Being a First-Time Home Buyer

Unveiling the Power of FHA Streamline Refinances & VA IRRRLs

By Ryan Chissell • 20 Dec, 2023
Breaking Free from the Chains of High Interest Rates Are high interest rates turning your dream of affordable homeownership into a financial nightmare? It's time to liberate yourself from the shackles of exorbitant mortgage costs. If you're grappling with steep interest rates on your current FHA or VA mortgage, there's a beacon of hope on the horizon. Join us on a journey to financial freedom as we explore the transformative power of FHA Streamline Refinances and VA IRRRLs. Say goodbye to the burden of high interest rates and hello to a more secure and prosperous future. FHA Streamline Refinances: Streamlining Your Path to Financial Relief The Fast Track to Lower Interest Rates Are you drowning in the complexities of mortgage refinancing? Fear not, for the FHA Streamline Refinance is here to simplify your financial journey. In this section, we'll dissect the streamlined process of FHA Streamline Refinances, explore the eligibility criteria, and unveil the impressive benefits that await. Say farewell to the cumbersome paperwork and hello to a faster, more efficient route to lower interest rates. VA IRRRLs: Guiding Veterans to Interest Rate Nirvana The Veterans' Celestial Route to Interest Rate Reduction For our esteemed veterans, the VA IRRRL (Interest Rate Reduction Refinance Loan) is a powerful tool that can guide you to interest rate nirvana. This section will delve into the unique features of VA IRRRLs, outline eligibility requirements, and showcase the exceptional advantages they bring. Your service to the nation deserves a mortgage that honors your sacrifice — let the VA IRRRL lead the way to reduced interest rates and financial security. Why Choose Chissell Mortgage Group: Your Trusted Partner in Financial Wellness Navigating the Mortgage Landscape with Confidence Amidst the sea of mortgage options, why should you choose Chissell Mortgage Group as your trusted guide? In this section, we'll highlight the reasons that set Chissell Mortgage apart. From a commitment to personalized service to a track record of successful refinances, discover why countless homeowners trust Chissell Mortgage Group to navigate the intricate landscape of mortgage solutions. Secure Your Financial Future with Chissell Mortgage Group Embark on Your Refinance Journey Today Ready to take control of your financial future? The call to action is clear — partner with Chissell Mortgage Group. Visit chissellmg.com or call 727-376-6900 to connect with our team of experts. Don't let high interest rates be a stumbling block on your path to financial freedom. Secure your seat on the Savings Express with Chissell Mortgage Group and embark on a journey towards lower interest rates and a brighter financial horizon. A New Chapter in Financial Wellness Begins Bid farewell to high interest rates and usher in a new chapter of financial wellness. With FHA Streamline Refinances, VA IRRRLs, and the trusted guidance of Chissell Mortgage Group, you're not just refinancing your mortgage — you're transforming your financial future. The path to lower interest rates and greater stability begins with a single step. Take that step today with Chissell Mortgage Group and unlock the door to a more secure and prosperous tomorrow. Please visit our website at www.chissellmg.com for more information or call us at the office at 727-376-6900 . We’re more than happy to help save you some money!
More Posts
Share by: