1. Borrower shops lenders for interest rates, getting loan scenarios or estimates or rates and fees.
2. Borrower chooses a lender and makes a loan application with a loan officer
3. Borrower collects and provides the loan officer with all required supporting
documentation (income, asset, employment verifications, statements, W-2s,
4. Loan officer
5.Asks for more docs
6. LO receives approval
7. Schedule closing with borrower and title company