• Your Mortgage Team
• Loan Preparation
• Mortgagee Clause
• Types of Loans
• What is FHA?
• When to Refinance?
• Home Buyers Guide
• What is Credit Score?
• Mortgage Insurance
• Glossary of Terms
• Your Loan Progress
• Useful Forms
• Common FAQs

Your Mortgage Team

With the assistance of your dedicated Mortgage Team closing a loan with US Mortgage Corporation will be a transparent, efficient, fast, and rewarding experience. 
 

Borrower (You)

• Contacts a Mortgage Loan Originator for financing information
• Gathers information needed for your application
• Receives the financing from US Mortgage Corporation
   

Mortgage Loan Originator

• Explains various loan programs available and quotes interest rates
• Discusses qualifying monthly payments and cash needed for closing
   

Processor

• Communicates with Borrower on items necessary for loan closing
• Prepares loan for full approval and ensures information received meets requirements
   

Underwriter

• Renders final decision on loan
• Requests additional documentation (if needed) and communicates to Processor
• Works directly with Loan Officer and Processor to approve loan
   

Closer

• Assembles package for closing day
• Sends package to Closing Attorney’s office
   

Closing Attorney

• Prepares Settlement Statement and e-mails it to the Processor and Loan Officer for review
• Processor or Loan officer review with you the figures and cash for closing 24 hours prior to closing
• Processor or Loan Officer e-mails Settlement Statement to all parties 24 hours prior to closing
   

Closing

• Takes places at Escrow Agent’s or Attorney’s office
• Bring a certified check to closing (payable to yourself) with a valid ID
• Bring Homeowner’s Insurance with paid receipt for one year