MORTGAGE LOAN PROCESS
Here is a brief overview of the steps you'll take as you go through the mortgage loan process with KPL Select Mortgage, Inc.
We pride ourselves on our one-on-one client service as we take you along your home purchasing journey:
☐ PRE-QUALIFICATION – The KPL team will do a credit review, gather financial documentation
and proof of income and then discuss loan options and programs right for you.
☐ APPLICATION – You will complete the application and provide required documents for loan
☐ PROCESSING – Credit, assets and income documentation is reviewed and finances verified.
☐ UNDERWRITING – The loan package is submitted to lender by KPL Loan Processor and is
approved or “suspended” until further documentation is provided.
☐ APPRASIAL - An appraisal of the property is scheduled.
☐ LOCKING IN YOUR INTEREST RATE – Rate lock is determined by the length of escrow and
estimated closing date. KPL Select Escrow, Inc. can help in this stage as well!
☐ LOAN DOCUMENTS – 1 week prior to estimated closing of escrow all conditions have been met
and signed off by the underwriter.
☐ WALK THROUGH - A final walk through the property with your agent to confirm all
requirements have been met.
☐ LOAN DOCUMENT SIGNING – 5 to 7 days prior to estimated closing of escrow you sign your docs
at KPL offices.
☐ FUNDING – 3 days after signing loan documents your loan is ready to fund. Balance of down
payment and closing costs are required at this time.
☐ RECORDING – The day after funding, escrow prepares your file for recording with the County
☐ CONGRATULATIONS - Pack your belongings – you’re moving!
4348 Van Nuys Boulevard, Suite 200 | Sherman Oaks, California 91403
o. 818.907.5757 | f. 818.907.5626
2583 North Palm Canyon Drive, #200 | Palm Springs, California 92262
Corporate BRE: #01144034 | NMLS: #31338
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