How It Works
1. Contact Us For a Quote
When you contact us, we can help you decide on the best solution for you...Contact us by phone, email, or via the contact form.
2. Apply for Your Loan
Fill out out application online and one of our representatives will get in touch to stat the process...
3. New Mexico Mortgage Processing
As noted, the timing depends greatly on how long it takes to get an appraisal and a title binder. The processor reviews your credit report, verifies your debt and payment histories, reviews the appraisal and survey, and checks for property issues that might require further investigation.
4. Loan Underwriting
The underwriter decides whether the combined package passed over by the processor is acceptable. If more information is needed, you will be contacted. More often, thanks to electronic loan submission, many lenders underwrite immediately and only require faxed documents verification. Same-day approvals are common.
5. Pre-Closing
Title insurance is ordered, any approval contingencies are met, and a closing time is scheduled.
6. Mortgage Closing
All loan documents are signed, and we fund the mortgage to the seller in exchange for the title to the property. Welcome to your new home!