The Application Your application can be taken by
phone, fax, U.S. mail or by using the on-line
application. At application (and possibly before),
you will receive a Good Faith Estimate, a Truth-in-Lending
Statement, and a variety of other disclosures about your
loan and the loan process. Loan Processing We gather documents to verify your
income and assets, a process we try to make as painless
as possible. This is also when we order title insurance,
the appraisal, and, if needed, the survey. (1-5 days.) Underwriting Your completed file is reviewed
to insure that such things as income, credit, employment,
and the size of your loan conform to lending guidelines.
(1-2 days.) Closing A title company will prepare your
settlement statements and close your loan. (One day to
prepare the loan documents; 30 minutes to 1 hour to close
the loan.) Funding On a purchase, the loan becomes
effective the day you close. Most refinance transactions
become effective on the fourth business day after you
close.
Timberline Home Mortgage, Inc. 7887 East Belleview Avenue, Suite 1100
Englewood, Colorado 80111
Denver: (303) 680-0890
Outside Denver Toll Free: (877) 888-7200
