All right, so your loan has been moved to processing… fantastic! But what exactly does that mean? Basically, it means that all the documentation you’ve submitted during the pre-approval process and the credit worthiness of your loan application has been reviewed by the underwriter and a decision has been made to move forward! Your processor will now be your main point of contact going forward for the rest of the loan process.

Your processor will play a huge role for you because they not only will be collecting additional documentation from you required on the commitment, but will also be available to answer questions, provide guidance and feedback, and a key team member in getting you to the closing table smoothly and on time.

Your processor will be reaching out shortly to introduce themselves and review the additional steps needed to be taken as well as any other items they may need before they can submit back to underwriting for clearance.

As always if you have any questions your loan officer is available to help as well.