At 413 Mortgage Group, we provide tailored mortgage solutions that streamline and enhance the transaction process for high-producing Realtors and their discerning clients. Our clear, structured approach ensures a seamless experience from the initial consultation to the final funding, designed specifically for constantly evolving market.
As a mortgage banker and broker with a keen understanding of the market's nuances, we are here to partner with you and provide an edge in navigating the mortgage process. Our comprehensive 10-step guide is designed to arm you with the knowledge to confidently assist your clients, from initial consultation to the joy of closing.
At 4:13 Mortgage Group, we don't just sell loans; we build partnerships and celebrate milestones.
a. Establish the foundation of our partnership and acknowledge our commitment to each other.
b. Understand the client’s needs and provide insight.
c. Deliver a strategic execution plan for optimal outcomes.
* Please note that this meeting is not required but is suggested for communication purposes.
a. Assist with filling out the mortgage application (if needed).
b. Collect essential documents: W-2, Pay Check Stubs, Bank Statements, State Issued ID, etc..
a. Conduct a soft pull credit check.
b. Analyze the client's credit and financial profiles.
c. Determine the most advantageous loan options.
i. If needed or requested, a Credit Improvement Plan will be provided.
a. Execute a hard credit pull.
b. Provide an estimate of closing costs.
c. Utilize Automated Underwriting System (AUS) to obtain a Pre-Approval Status.
d. Discuss interest rate locking options.
e. Issue a Pre-Approval Letter if warranted.
a. Our Home Insight Ranking List helps with efficient property selection and simplifies the decision-making process for both buyers and Realtors®.
i. For Buyers: Receive a tailored list featuring properties with detailed financial insights, including estimated monthly payments and cash-to-close amounts.
ii. REALTORS®: Access a concise property ranking list designed to respect privacy while providing essential insights for guiding clients.
a. Submit all necessary documents for review (i.e., loan file, income verifications, executed contract, tax certificates, insurance quotes, etc.),
b. Order the Appraisal and Title Work.
c. The Client or Realtor can choose between a TBD or Traditional Underwriting Process: The Client or Realtor can choose between a TBD or Traditional Underwriting Process:
i. TBD (To-Be-Determined): Underwriting for a competitive edge begins before selecting a subject property.
ii. Traditional Underwriting: Underwriting begins after an Executed Contract is obtained (a 15 -30-day Process).
a. These documents are sent via email for electronic signatures.
i. Intent to Proceed - Sent when the initial underwriting process begins.
ii. Initial CD (Closing Disclosures) – Sent when an executed contract is received or 3 days before the closing date.
a. Clear any additional underwriting conditions.
b. Actively work to obtain a Clear-To-Close (CTC) Status.
a. We work diligently to ensure all conditions are met and compliance is confirmed.
b. Coordinate closing details for either remote or in-office appointments.
c. The Title Company reviews, balances, and finalizes the Final Closing Package.
d. Verification of Employment and Proof of Funds might be required
e. The Final CD (Cash Disclosure) is sent to all parties involved.
i. A 3-day waiting period may be required.
f. The borrower is informed of the exact amount of cash required for closing.
a. The Closing is finalized with the Title Company.
b. The Borrower(s) signs the Closing Package at the Closing Appointment.
c. The Loan is funded upon approval of the signed Close Package.
Do what people will not do today, so you can afford to do what people cannot afford to do tomorrow.
The Loanzify App guides you through your mortgage financing and connects you directly to your loan officer and realtor.
With 413 Mortgage Group, you're not navigating this process alone; you're equipped with knowledge and strategies to streamline the approval process.
Our commitment is to transition you into homeownership with clarity and confidence, making sure there are as few surprises along the way.
