When you apply for a mortgage loan, the first step of the mortgage process is to ensure all required documents are complete, have no open pages, and are legible. Missing and illegible pages cannot be submitted because they will get kicked back.
A fully organized and labeled file is critical for a mortgage processor to prepare your file and prepared it for the mortgage underwriter.
The pre-approval process will show the amount the homebuyer is approved for on a home purchase, the loan program, the rate, and how much the borrower can be approved for. Before homebuyers can get qualified and pre-approved, there are documents the loan officer will be required. This article will cover the documents required to start the mortgage loan process.
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