[Riverton, October 26, 2016] – The Mortgage Partner Inc., a mortgage loan company in Utah, has been providing their clients with exceptional rates that match their situation. For this, the company uses a hands-on, five-step process for a more streamlined experience. It offers FHA, VA, and conventional mortgages.
The Mortgage Process
The company aims to make the process quicker and easier for its clients. Since acquiring a loan, in general, is a lengthy process that may also bring uncertainty, the company provides a five-step process to help customers approach their tailored loans with confidence:
1. The process starts by acquiring all the needed information from the applicant, including debts, credit score, and income. From there, the company can determine how much their clients can borrow, as well as the various loan programs they are eligible to receive.
2. The next step is the application proper. At this stage, clients have to supply the necessary documents for processing.
3. Once they discuss the various fees and down payments with the firm, they will receive a loan estimate and a breakdown of the rates and costs associated with their loan.
4. The processor reviews and verifies the data given by the client, then he or she will put together a personalized package, which the lender will approve. Underwriting involves determining whether the package is an acceptable loan or not. Further information may be required.
5. The closing occurs at the title company and an escrow officer, an unbiased party, records and provides the client with a copy of all the final documents.
As the company explains the loan process, it educates clients along the way to empower them and enable them to make wise financial decisions in the future. By supplying valuable information, the company helps customers learn to manage payments efficiently.
About The Mortgage Partner
The Mortgage Partner strives to guide clients throughout the mortgage process and educate them so they could make informed decisions about their finances. Since a home mortgage is one of the biggest loans a person can take out in his lifetime, the company aims to minimize the risks to ensure stability. The company has been in the industry for more than two decades and has a shared lending experience of more than 40 years.
Interested clients may visit the firm’s website at https://www.mortgagepartner.com/ for more information.