Broker...
*Takes the loan application
*Identifies lender and program
*Option to Collect borrower's documentation
*Collects signed disclosures
Homeland Mortgage Processing...
*Reviews 1003 and disclosures for accuracy
*Reviews income and asset documentaion
*Calculates debt to income ratios and loan to value ratio
*Orders title and appraisal
*Orders all verifications (mortgage, rent, employment, deposit, etc)
*Reviews Title and Appraisal for any discrepancies
*Submits loan to lender chosen by the broker
*Obtains, reviews, and clears conditions to close loan
*Completes Fee Sheet
*Schedules closing with broker, borrower, and title company
*Digitally returns file to broker once Homeland Mortgage Processing receives payment