BORROWER  DOCUMENTS  ORDERED

*  CREDIT REPORT
*  VERIFICATION OF EMPLOYMENT
*  VERIFICATION OF MORTGAGE OR RENT
*  LANDLORD RATINGS
*  VERIFICATION OF FUNDS TO CLOSE

LOAN APPLICATION SUBMISSION

*  LOAN APPLICATION SUBMITTED FOR APPROVAL
*  LENDER ISSUES A 'PREAPPROVED' LETTER
TO THE BORROWER

WHEN AN OFFER HAS BEEN MADE & ESCROW OPENED

*  LENDER RECEIVES COPY OF OFFER AND ACCEPTANCE
*  LENDER GETS COPY OF PRELIMINARY REPORT
*  LENDER SCHEDULES PROPERTY APPRAISAL

LOAN SUBMISSION

*  LOAN PACKAGE IS ASSEMBLED AND SENT TO THE
UNDERWRITER FOR APPROVAL

LOAN DOCUMENTATION

*  SUPPORTING DOCUMENTS COME IN
*  LENDER CHECKS FOR ANY PROBLEMS
*  REQUIRED ADDITIONAL ITEMS ARE REQUESTED

LOAN APPROVAL

*  PARTIES ARE NOTIFIED OF APPROVAL

LOAN DOCUMENTS DRAWN UP

*  LOAN DOCUMENTS ARE COMPLETED AND SENT TO ESCROW
*BORROWERS BRING CERTIFIED FUNDS TO ESCROW
FOR DOWN PAYMENT AND CLOSING COSTS
*  BORROWERS SIGN LOAN AND FINAL DOCUMENTS

FUNDING

* LENDER REVIEWS THE LOAN PACKAGE
*  FUNDS ARE TRANSFERED BY WIRE

DOCUMENT RECORDING

*  TITLE COMPANY RECORDS THE DEED OF TRUST AT
THE COUNTY RECORDER'S OFFICE
*  BORROWERS NOW OWN THE PROPERTY
  *  ESCROW IS OFFICIALLY CLOSED