what to expect
At O'Brien Financial Group, Inc we streamline our process to get your home loan mortgage approved quickly and efficiently. Your mortgage broker will be with you every step of the way to strive for a smooth and professional closing.
Our process is broken down below step by step. Another resource for the general explanation of the duties of a mortgage broker and how to choose one can be found in this detailed article as well.
This is the first step in the process where you and your loan officer will establish expectations, assess your credit qualifications and discuss various financing options to fit your needs.
The application portion of the process gives your loan officer and processors the information needed to start your loan efficiently and get your file into underwriting without delay.
Under Contract and Appraisal
Once you are under contract for your new home we will team up with top Appraisal Companies in your area to assess the value of your new home. This is a very important step that we streamline as quick as possible to establish your new homes market value. This step is done whether you are buying or refinancing your current mortgage.
Underwriting Approval and Clear to Close
You are now in a “approved with conditions” status. Conditions are things that our underwriters need to clear up in order to get your loan clear to close. You will work with your loan officer to satisfy these items quickly so we can wrap your loan up. Once all of these conditions are met you will receive a confirmation that you are clear to close!
Our closing department works with the title agent/closing attorney to assemble the closing documents and confirm the funds required to close your loan. The O’Brien Group makes it a point to strive for a smooth and stress free closing process for you. Welcome Home!