Loan Process

Step 1 Application - Your approval begins with a completed loan application. Fill the application out
as completely as possible. You can contact customer service by phone at (631) 462-2575, or by
email. Also, you may check the application checklist in order to prepare for the online application.

Step 2 Loan Analysis - Your application will be reviewed by a loan specialist, and you will be
contacted to confirm the information sent. Your loan specialist will present the best loan
alternatives to you, and you can decide which option is best for your situation.

Step 3 Loan Documents - After you have decided
which loan is best, we will mail the loan application
disclosures to you to review and sign at your
convenience. We will also collect the required loan
documentation for your property, income, assets,
etc., and provide a return overnight package for
you to return the information.

Step 4 Preliminary Approval - Your application will be
sent directly to an underwriter for review. In most
cases, your loan will receive an pre-approval in 24 hours or less.

Step 5 Loan Processing - Your loan application will now be assigned to a loan processor. The primary
function of the loan processor is to build your loan file by documenting your income, assets,
employment history, and debts. They will also arrange to have your property appraised and a
preliminary title commitment issued. It typically takes a week or more to have the appraisal
completed, and have the title company issue the title commitment.

Step 6 Loan Underwriting - Once the processor has completed step 5, your file will be returned to
the underwriter for final approval. A commitment will be mailed to you indicating final
documentation needed to close your loan if needed. This typically takes 48 hours.

Step 7 Document Preparation - Loan documents are now prepared including the note, deed of trust,
and supporting disclosures.

Step 8 Loan Funding - We will arrange to have the funds deposited to the designated escrow
company on your behalf. Congratulations! Your loan closed!