Selling a house is not a hobby it is a profession.
Step 1: Talk with a loan officer
Your first and probably only contact with your lender is your loan officer, the salesperson who takes your application. When you first meet, the questions on your mind are likely geared at the amount and type of information needed..
Step 2: Fill out your application
Here's where your real work begins. You answer the questions in the borrower information sections (Sections III, IV, V and VI) of the Uniform Residential Loan .
Step 3: Submit your application
When you hand your application to a loan officer, the clock starts ticking. Within three days, the lender must give you a packet of "disclosures" including:
Step 4: Processors give your application the third degreee
Processing is a strange term; it sounds more like sausage making than banking. The processing team double-checks your file to make sure it's complete and true.