";s:4:"text";s:2622:" Real Estate Professional — Real estate profes-sionals (REPs) can help you find the kind of home Loan Application Process Flowchart. ConceptDraw . 1. A few things have changed since the real estate meltdown a few years ago. By continuing to browse the ConceptDraw site you are agreeing to our Use of Site Cookies. loan, line of credit, lease) or whether your approval process is manual or automated, lenders have and are proud of their “secret sauce” when it comes to loan origination. Here's what you need to know about each step. Whether you are a lender or a borrower, having a clear map of the process can be a useful tool in helping you navigate all the intricacies of giving or getting a loan. However, there are multiple steps and pathways that occur before reaching a … There are six distinct phases of the mortgage loan process: pre-approval, house shopping; mortgage application; loan processing; underwriting and closing. Then customer managers determine the loan limit according to borrower’s credit , producing and operating status. Getting a loan these days can be a complex process. Your loan officer will also help you complete your mortgage loan application and keep track of what’s happening during the loan approval process. It helps customer managers to go on those steps one by one without miss any steps and follow up borrowers easily to avoid bad loans. After all, it’s what makes them stand out from their competition.
A Flowchart showing loan approval process flowchart. Please be sure to read Section 3, What You Should Know About Your Mortgage Loan Application. Mortgage Pre-Approval Mortgage Pre-Approval. To create an approval process, first map out all the steps.