mortgage loan

Express Mortgage Loans, is an Internet Technology and Information Specialist in CONFORMING and NON-CONFORMING mortgage loans.  Our ability is based on the factors of Discounted Mortgage Rates, Discounted Front End Fees, Easy Internet Mortgage Loan Application Access and Quick Submittal. 

We also offer Express Fast Approvals and the Programs to Process People with Excellent or "not-so" Excellent Credit in a quick, courteous manner with full disclosure before you make that final home purchasing or re-financing decision.  

How to save money on your Mortgage Loan. 

Access the Mortgage Company web site for all of the information you will need, for you to make a final decision on:

*Type of Loan Program

*Lock-in Period Required

*Select Mortgage Loan Rate, with or without a origination fee payment

  1. Be fully prepared to fill-out the express qualification application, and send.

  2. Be fully prepared to fill-out the 1003 URLA mortgage loan application.

  3. Have all documentation information of the 1003 URLA ready for your Mortgage  Broker.

    NEXT:

After your final decisions, access the express pre-qualification application loan from the Internet, or contact the Mortgage Company for a copy.  They can fax or mail it to you.

Fill-out the application totally.  Otherwise, it cannot be processed.  Any questions, contact the Mortgage Company.

Submit or send the finished application to the Mortgage Company.  You can either "FILL-OUT" the application on the Internet, email it to us, or you can "PRINT-OUT" a copy from the Internet, fax or mail it to the Mortgage Company.

The Mortgage Company will then process the finalized information on the Internet.  The Mortgage Company will receive an answer from their Mortgage Banker on your loan application within an hour, normally.  Your Mortgage Loan will be approved and they will proceed.

The office will contact you by email, telephone or fax within 24 hours after acceptance by the Company.  Otherwise, the Company will contact you if it has any questions before finalizing the processing of the loan.

After the company notifies you of your status, you make the final decision on proceeding to a finalized Mortgage Loan.

If you wish to proceed, you must "FILL-OUT" the URLA 1003 Mortgage Loan Application.  It must be "FILL-OUT" completely and must have a signature on all copies. 

You can access the URLA 1003 application from the Internet.  It can also be mailed to you. 

The Mortgage Company will also ask you for certain documents that must accompany the URLA 1003 application.

Within 3 days after the Mortgage Company receives your signed application and the Mortgage Loan package is ready for submittal to the Loan Processing Officer, you will be sent a certified Company letter with the "GOOD FAITH ESTIMATE" document.

In the meantime, the Loan Processing Officer will verify all aspects of your Mortgage Loan Application with the Documentation that you have supplied.

Within a week or sooner, the Loan Processing Officer will approve the Mortgage Loan Application.

The Company will then "PICK-UP" the Loan Application Package, add the required Mortgage Company documents to it, overnight mail it to the Mortgage Lender.

Within one week or sooner, the Mortgage Lender will then approve the Mortgage Loan Application, contact the Mortgage Company with pertinent information.

The Mortgage Company will then contact you with the approval information.

The Mortgage Banker will then send the finalized Mortgage Loan Package to the Title Company.

The Title Company will coordinate the "CLOSING" of the Mortgage Loan.  All parties will be contacted for the date of the closing, as well as all payment disbursements.

Then, it YOURS!

In order for this process to succeed, you must have the Mortgage Loan Application, whether it is the express form or the URLA 1003 form, totally completed, with all of the proper documentation asked for in the application.  Then, this Mortgage Loan process will work for your benefit!

You can save money by:

  • Asking for a free credit check.

  • Asking for a free home appraisal from your Realtor.  

  • Ask your Realtor if he/she can direct process the Mortgage Loan, the total costs will be less and you deserve another discount.

  • If you have excellent credit, pay no more then a 1% origination fee. For people that have "Good to Bad" credit, you must know exactly what you want, in order to save money on your transaction. (the origination fee is tax deductible)

  • Access a "GOOD FAITH ESTIMATE" document, and try to understand it, so that you will not pay for any excess fees pertaining to the underwriter and loan processor.  No excess processing fees should be paid.

  • If you have excellent credit or not so excellent credit, you deserve the best rates and fees.

  • Understand the "BOTTOM-LINE".  What is the Interest Rate for your Mortgage Loan Program. (example, for a fixed 30 year loan, 7%)  What do you need to pay to get that mortgage rate? (example, 1% discount rate, or you pay 7 1/2% with no discount rate).  How much does the Origination fee, Underwriting fee, Loan Processor fee. (example, normally the cost for an Origination fee is 1% of the loan value, a $200,000.00=$2,000.00.  Normally the cost for an Underwriting fee, the cost is $400.00.  The underwriting fee is paid to the Mortgage Banker that will finance the loan.  Normally, the cost for a loan processor is $300.00.  The loan processor will verify all mortgage loan documents before it is transferred to the Mortgage Banker Underwriter.)

  • Any additional costs is your decision.  Please access the "good faith estimate" worksheet for the overview.