Loan Process
At WMN we try to simplify the process for our clients as much as possible and offer full transparency along the way. We do this through technology and superior customer service.
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Why work with Western Mortgage Network
- Fastest turn times around.
- Superior Customer Service
- Seasoned, experienced loan officers.
- We have built in a live streaming feed from our lenders so you can price your loan or scenario out whenever you want and lock when you want to.
- After a full application has been received, which has bank rate security you can expect an approval as well as disclosures, including the Loan Estimate that day.
- Choose the Paperless option and avoid time gathering documents. This option shortens the closing period.
- Most loans are receiving Appraisal Waivers which additionally cuts down on the closing time.
- Be kept up to date with texts, emails and phone calls at every step of the loan. You will know exactly what is happening with your loan at all times.
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Understanding the life of the loan with Western Mortgage Network
- Application online
- Automated Underwritten Decision. Appraisal Waiver received or denied. (same day)
- Loan registered, initial Loan Estimate and Disclosure sent to borrowers. (same day)
- Option to lock your rate the same day as disclosures go out.
- Borrowers sign electronic Disclosures
- Conditional Approval. (1-3 days from signing depending on lender)
- Appraisal ordered if waiver not received. (same day as Underwriting)
- Conditions satisfied (dependent upon specific conditions and borrower)
- Closing Disclosures sent (after signed, three day period before final documents can be signed)
- Final Documents signed, typically at residence with a mobile notary. (three-day rescission period before funding for refinances)
- Funded – Your all done, congratulations.
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Go Paperless. Don’t worry about gathering documents. We’ll get them for you.
Go Paperless. Don’t worry about gathering documents. We’ll get them for you. Don’t want to search for all of your documents? With your authorization our lenders will gather the following documents.
- W2’s
- Tax Transcripts
- Pay stubs.
- Bank statements
This is all done with bank rate security and is all digital. By going paperless you significantly reduce the time it takes to close.
At Western Mortgage Network our clients come first, we pride ourselves on our exceptional customer service, quick turn times and low rates. Call now to see how we can assist you.
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