Processing Your Loan

After you have provided the financial information requested by the Loan Officer, the loan will be processed and the other information will be compiled, including (if necessary):

• An appraisal from an independent appraisal service
• A preliminary title report from a title insurance company
• Payoff quotes for loans to be paid off
• Other third party documentation required to clear title
• A complete credit report to verify balances owing and monthly payments

Once the appraisal and title reports are received, the loan is given final approval, a formality in most cases. If there is a problem at this stage your loan officer will contact you to resolve it. The loan is then prepared for closing and sent to the settlement escrow agent.

Talk to a HomeStreet Loan Officer