Loading
Get Loan Flow Chart
How it works
-
Open form follow the instructions
-
Easily sign the form with your finger
-
Send filled & signed form or save
How to fill out the Loan Flow Chart online
The Loan Flow Chart is a valuable document that guides users through the loan application process. This comprehensive guide will help you navigate each section of the form with clarity and precision, ensuring you can complete it efficiently online.
Follow the steps to successfully complete the Loan Flow Chart online.
- Click ‘Get Form’ button to obtain the form and open it for completion.
- Fill in the borrower's name, Social Security number, loan amount, estimated property value, and monthly income, along with any additional information the loan originator requires.
- The loan originator will pull credit from one bureau to assess eligibility.
- If the loan application is denied, no GFE will be issued, and you will be informed accordingly.
- If approved, a GFE will be delivered to you, providing details on the loan terms.
- Once the loan is underwritten, a new GFE will be delivered if any changed circumstances affect your borrowing terms.
- The loan originator will transmit information to the settlement agent, including necessary details for page 3 of the HUD-1 form.
- The settlement agent will prepare the HUD-1 form, ensuring that tolerances are met based on the GFE.
- If tolerances are not met, the originator may cure the tolerance violation immediately or within 30 days.
- Finally, review the completed form, and you may choose to save your changes, download it, print, or share the form as needed.
Complete your Loan Flow Chart online to streamline your loan application process.
Yes, you can create a flow chart using Microsoft Word. The application includes simple tools for drawing shapes and connecting them with lines, allowing for clear representation of processes. To get started, use the 'Shapes' tool found under the 'Insert' tab. For more complex needs, consider integrating your flow chart designs into other applications or utilizing specialized software.
Industry-leading security and compliance
US Legal Forms protects your data by complying with industry-specific security standards.
-
In businnes since 199725+ years providing professional legal documents.
-
Accredited businessGuarantees that a business meets BBB accreditation standards in the US and Canada.
-
Secured by BraintreeValidated Level 1 PCI DSS compliant payment gateway that accepts most major credit and debit card brands from across the globe.