Amherst, New York
2150 Wehrle Drive, Suite 200
Amherst, NY 14221
716-633-0501

Your Mortgage Approval in 3 Steps From The Expert Loan Officers at Premium Mortgage Corporation November 4, 2015

Amherst, Erie
Your Mortgage Approval in 3 Steps From The Expert Loan Officers at Premium Mortgage Corporation, Amherst, New York

Finding your dream home is just one part of the mortgage financing process. On the back-end, three very important steps must take place first: processing, underwriting and closing. The loan consultants at Premium Mortgage Corporation in Rochester, Buffalo, Syracuse NY, and Barre, VT are your go-to experts to help you navigate your way to your new house.

Here’s how the mortgage process works after you’ve submitted your loan application:

  • Processing: At this stage, a loan processor collects all documents to support your mortgage loan request, such as credit reports, income, assets and previous housing verification. An appraisal of the desired property also takes place to assess the home’s market value. The lending team at Premium Mortgage Corporation specializes in helping you gather all the necessary documents to speed up the mortgage process.
  • Underwriting: Your application undergoes a complete review by the loan processor. In addition to comparing your loan request to the lender and investor guidelines, the underwriter also makes a decision based on those guidelines. The mortgage loan officers at Premium Mortgage Corporation are trained to ensure the underwriter has all the necessary information needed for the critical phase.
  • Closing: During this stage, you sign the papers for your mortgage loan and the property is transferred if it is a home purchase. Once you’ve reached this point, you’re very close to getting your new house. Depending on the state, the closing process can take place at a bank attorney’s office, real estate office or title company. 

The three stages of securing that home you’ve been eyeing doesn’t have to be long and drawn out. With the professional team of loan officers at Premium Mortgage Corporation, getting through the processing, underwriting and closing phases will be streamlined and expedient.

To learn more about how Premium Mortgage Corporation can help you, call 1-877-690-7240. Visit the website for details on mortgage refinancing, reverse mortgage and securing the best mortgage rates.

For additional information, contact:

Premium Mortgage Corporation
2541 Monroe Avenue
Rochester, NY 14618
1-877-690-7240
NMLS# 3254
Equal Housing Lender
Licensed Mortgage Banker NYSDFS

Other Announcements, Events and Deals from Premium Mortgage Corporation
Spring Home Sale? 5 Prep Tips From Your Mortgage Loan Partner, Amherst, New York
It won’t be long before the snow melts away and the flowers and warm weather of spring arrives. For many homeowners, this season is a popular time to sell their houses. At Premi...read more
Homeowner Info: What You Need to Know About Your Taxes, Amherst, New York
For many, tax season can get complicated. This can be especially true if you’re a homeowner. However, there are certain deductions you can qualify for when you have a mortgage that c...read more
Mortgage Loan Requirements: How to Determine Your Down Payment, Amherst, New York
The home buying process is full of countless details, but one of the most important aspects is the dollar amount of your down payment. This number has a significant im...read more
7 Key Steps to Getting a Mortgage Loan & Buying a Home, Amherst, New York
The idea of buying a home can intimidate people and leave them feeling uncertain. To give home buyers a road map of the process and help them feel more confident, Premium Mortgage Co...read more
3 Mortgage Loan Budget Tips to Prep You for Homeownership, Amherst, New York
For many Americans, the dream of owning a home is a goal worth striving for. Preparing for the transition starts with getting your personal budget in order to be able to afford a hou...read more