How to Speed Up the Mortgage Process

After we find the right loan for you, we’ll give the documentation to one of our processors. The processor’s job is to organize the documentation provided and to verify your employment, bank balances, and other information before giving it to the final lender.

In order to guarantee that the loan is closed quickly you may have to provide with a few more documentation. Some items that you may need to show include:

• If self-employed, the lender may require personal and business tax returns for the previous two years and your company’s year-to-date Profit and Loss statement.
• Divorce settlement papers, if applicable
• Updated account statements for listed assets in the application
• Information about debts or credit report items that may have been delinquent or not accurate
• Evidence of your mortgage or rental payments, such as canceled checks

Our processors need this documentation before presenting it to an underwriter. An underwriter is the person working for the lender who reviews all the information to determine if the application meets their guidelines. As soon as the underwriter approves the loan, you receive a letter of commitment, which is a promise to make a mortgage based on some conditions specified in that letter.

If you would like to learn about FSBOs, you can visit our Miami For-Sale-By-Owner page.