Timeline – Refinance Timeline


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

*pulls the borrower’s credit report

*Loan officer locks in your interest rate

*LoEnd to UW for approval

5.Asks for more docs
6. LO receives approval
7. Schedule closing with borrower and title company
8. Closing