The HLC Team

This is a brief outline on how the home loan process flows. This outline is just that, an outline. Each and every loan is different. You may find that your loan may flow a little differently than this outline, however by using the HLC Team our transaction coordinator will keep you informed of the process from beginning to end. For more information on the terms used in this outline see our Loan Lingo page.

Your home loan process begins by setting up an appointment with a loan consultant. The meeting can be done over the phone, in person, or via electronic loan application. At this meeting your loan consultant will answer any of the questions you have regarding the home loan options available to you. Your loan consultant will need to ask you questions during this time in order to complete your loan application. Options like locking or floating a rate will be discussed at this time.

2.	After your appointment, your loan is given to the production assistant where they run automated underwriting approvals, verify employment, order appraisal, order escrow, order title information, and put the loan package together. At this point in time your loan package is ready for signatures.

3.	Once your loan has been entered into the computer system it is then given to a loan processor. The loan processor compiles all the necessary information and paperwork needed to prepare your loan for submission (i.e. credit report, appraisal, escrow instructions, and title report).

4.	After all of these items are received, your loan is then submitted to an underwriter. The underwriter is the person who takes all the information provided and validates that the input on the original application was accurate. Once the validation is complete final loan approval with conditions is then issued.

5.	As part of your approval, you may be asked to provide additional information to the underwriter. Once all of these items have been received and "signed-off" (o.k.'d by the underwriter) we then order your loan documents.

6.	After the loan documents have been drawn, they require signatures and notarizing which is normally completed at your escrow company or if that is not convienent, The HLC Team can arrange for you to sign at your home or in their office.

7.	Loan documents are then returned to the funding department to be reviewed and to prepare the loan for funding. Once the loan has funded, it is then recorded. Once the recording (by the County Recorder's office) has taken place, your loan has been completed.

This outline is meant to give you a general idea of how the home loan process works. We want you to feel free to ask us any questions you have about the process any time. Our goal is to make your home loan experience as pleasant as possible.