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This documentation outlines the detailed steps and milestones involved in processing a loan application from when a borrower is added to the pipeline to the closing of a loan. Each milestone represents a critical phase in the loan processing workflow. In order to start the loan application and process of a borrower, the loan officer should select pipeline from the sidebar and then select the lead/borrower they want to continue with from the leads page. This redirects the loan officer to the starting of loan application process of the borrower. This page contains 7 tabs to choose from one by one for the loan processing - Overview, Application, Services, Documents, Loan Quote, Pre-approvals, Contacts, Activity.

Here's a detailed breakdown of each section in the Loan processing dashboard by loan officer :

OVERVIEW

APPLICATION

SERVICES

DOCUMENTS

LOAN QUOTE

PRE-APPROVALS

CONTACTS

ACTIVITY

Conditions


Milestones Overview

  1. NEW
  2. CONTACTED
  3. APPLICATION STARTED
  4. DOCUMENTS
  5. APPROVE
  6. TEST
  7. PRE-APPROVED
  8. SUBMITTED TO PROCESSING
  9. DISCLOSURES
  10. UW SUBMITTED
  11. CONDITION APPROVAL
  12. CONDITION SUBMITTED
  13. CTC
  14. PREPARING FINAL CD
  15. CLOSING DISCLOSURE
  16. CLOSING PACKAGE SENT
  17. CLOSED

Milestone: NEW


Milestone: CONTACTED


Milestone : APPLICATION STARTED


Milestone : DOCUMENTS


Milestone : APPROVE


Milestone : TEST


Milestone : PRE-APPROVED


Milestone : SUBMITTED TO PROCESSING


Milestone : DISCLOSURES


Milestone : UW SUBMITTED


Milestone : CONDITION APPROVAL


Milestone: CONDITION SUBMITTED


Milestone : CTC (Clear to Close)


Milestone : PREPARING FINAL CD


Milestone : CLOSING DISCLOSURE


Milestone : CLOSING PACKAGE SENT


Milestone : CLOSED


By following these detailed steps, loan officers can efficiently manage the loan application process, ensuring a smooth transition from "NEW" to "CLOSED."

Post-closed milestones

Re-application of Loan

Resending Application Link to Borrower