The Loan Process

Test Electronic signatures (eSign by Envoy)Digital documents Electronic signatures (eSign by Envoy)Digital documents Electronic signatures (eSign by Envoy)Digital documents Electronic signatures (eSign by Envoy)Digital documents Electronic signatures (eSign by Envoy)Digital documents 1. Pre-Qualify for a Loan

You will be required to provide financial information, including income and debts, so Envoy Mortgage can determine how much of a home you can afford. Envoy Mortgage will then issue a letter stating the loan amount for which you pre-qualify. Apply Now

*A pre-qualification is not a formal application and loan amount qualification may be subject to change depending on how accurate the income and debt information the applicant originally provided to Envoy Mortgage.

2. Select a Loan Program

Many loan programs are available to you. Envoy Mortgage has experienced and knowledgeable loan officers who will help you understand the different loan programs that are available to you. Loan Programs Conventional, Non-Conforming(Jumbo) Mortgages and Government Mortgage Programs

3. Complete the Loan Application

The Envoy Mortgage approval process begins with you completing and submitting an application through your loan officer who will assist you. At this time, you will be asked for a number of supporting documents, some of which are listed below and the rest can be found under the Required Documents section. Once your Loan Officer has received your application and the supporting documentation, the file is handed to our processing department. Play Video

The following will be required on most loans:

  • Name and address of employers for previous two years
  • W-2 forms
  • Pay stubs for previous 30 days
  • Tax return statements
  • Bank statements
  • Quarterly statements (mutual funds, 401K, IRA, etc.)

4. Processing the Loan Application

The Envoy Mortgage processing department verifies the accuracy of the information you provided in your application. In addition, the processor will review your credit report, order an appraisal, title commitment, and other third-party information. If problems or questions arise regarding the information you provided, our processors will work with you to get the correct information.  Play Video

5. Underwriting the Loan

Once processed, one of our underwriters will examine the file to certify that it conforms to industry standards and that the appraisal, survey, title commitment and other documentation are acceptable. Once the underwriter approves the file you’ll receive this video: Play Video

6. Loan Approval Process

Throughout the entire loan process, Envoy Mortgage will do everything we can to approve your loan application. When your loan application is approved, the information will move to the closing process. Once all conditions are cleared you’ll receive this video: Play Video

7. The Closing

Closing documents will be electronically sent to the Closing Attorney and once completed, they will be reviewed by Envoy Mortgage Closing Department.  Your Loan Officer will review your HUD Settlement Page with you 24-48 prior to your closing. Play Video

 8. Moving Day! Play Video