Home Buying Process - TRID mortgage information

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We're thrilled you've decided to buy a home, and we're here to help you along the way!

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TRID the new mortgage process: Once you find a house and are under contract, the following steps should be taken with your loan officer walking you through every step from day 1 through closing!

1. Submit Your Application
   An application is defined as i:he Lender being in receipt of five questions on the application plus H1e pmperty address of the home you are buying. So wl1en you give your sales contract to the Lender, the application process officially starts.
2. Give Your "Intent to Proceed"
   Once in receipt of the application, the Lender has three business days to send you a full set of government regulated loan disclosures including the primary disclosure known as t11e Loan Estimate (LE). Once you receive these disclosures, it is critical that you give your "Intent to Proceed" and send the signed disclosures back to the Lender right away. Only after the "Intent to Proceed" has been received can the Lender er collect the appraisal fee, order the appraisal, order the title, and collect loan documentation.
3. Submit Requested Documents
   It is imperative that you pull all requested documentation together and get to the Lender immediately to avoid delays in the process. The Lender is going to be moving your Loan File through a series of steps including Set Up, Processing, Underwriting, Clearing Conditions, and Closing. If your file is not complete, then your file cannot be moved forward.
4. Confirm Receipt of the Closing Disclosure
   The Lender will prepare the final Settlement Statement, now known as the Closing Disclosure (CD), and e-mail it to you. It will be critical that you confirm receipt
   right away. Once the Lender has confirmed receipt, the closing can then take place three business clays later (Saturday counts as one of clays). There are no exceptions to this 3 day rule.