Once your loan application is complete it will be submitted to the Eagle Home Mortgage Underwriting Team. The Underwriter will review your loan application, ensure that all of the necessary information and documentation is in your file and will make the final decision on loan approval.
Once your loan is initially approved your Eagle Home Mortgage Loan Processor will be your primary contact throughout the mortgage process and until it is time to schedule your closing. Your Loan Processor will also assist you if there are any outstanding conditions, which need to be addressed in order to receive final loan approval.
Several weeks before your closing, your Loan Officer will contact you to lock the interest rate on your mortgage.
You will need to arrange for homeowners insurance coverage before you close on your home and provide a copy of your policy or your agent's contact information.
“Knowing the process upfront can not only put you at ease, but give you the knowledge to be prepared every step of the way.”
Congratulations! You are in the final step of the loan process: the closing. You will be contacted to confirm the schedule of your closing. At the closing, you will review and sign all of the required documents with the closing agent. After you have signed the loan documents they will be recorded and you will officially become a homeowner.
What to bring to closing:
Certified funds:One of the most important things that you must bring is a cashier’s check in the amount of the funds needed to close the loan. Your closing agent will provide you with instructions and the final amount of funds needed for closing.
Identification:You are required to bring your driver’s license, passport or other government issued photo identification to closing.
After closing, Eagle Home Mortgage may transfer your mortgage to a different company, which will then become your loan servicer. The transfer of your mortgage will not change any of the terms of the loan program. Once the transfer is complete you will receive the proper notification.