| Steps performed in Loan Process
Infinity is committed to provide best of the services in the field of Loan Processing.
Our well certified Loan co-ordinators make sure that your calls are responded quickly. We will allocate a dedicated processor. This ensures that communication will not keep going into loops and if there is any problem we will get to it's root easily and quickly.
Following are the steps performed in Loan-Processing:
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Data Entry of Loan Application in the system |
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Ordering the appraisal |
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Ordering the Credit report |
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Ordering Loan Payoff |
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Completing the VOE (Verification of Employment) and VOD (Verification of Deposits) |
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Verifying the Debts from the Credit report and payment history upon receipt of VOD |
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Get explanation from Borrower, if there are any late payments, collections, judgments or inquiries shown on the credit report |
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Review the home appraisal and check to see if there are any property issues that may require additional comment by the appraiser |
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Ensure if there are any repairs by the Appraiser and whether they reported by the borrower |
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Then the file is sent to the underwriting dept. |
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