Get Loan Status Update ( Lsu )

The Loan Status Update (LSU) is a crucial document that helps keep all parties informed about the status of a loan. Filling out this form accurately ensures that the process moves smoothly and efficiently, providing clear communication between buyers, sellers, and lenders.

Follow the steps to complete the Loan Status Update form online.

1. Press the ‘Get Form’ button to access the loan status update form, which you will be able to fill out online.
2. Begin by entering the contract date in the designated field.
3. Input the names of the buyer and seller into the respective sections.
4. Fill in the premises address, city, state (AZ), and the ZIP code accurately.
5. As the broker or seller, indicate whether the lender has received the contract and all addenda by selecting 'Yes' or 'No'.
6. Check if the lender has reviewed the title commitment and mark accordingly.
7. Confirm whether the lender has ordered the appraisal by selecting the appropriate option.
8. Indicate if the appraisal has been received and if the premises appraised for at least the sales price.
9. For the underwriting and approval section, check if the lender has submitted the loan package to the underwriter.
10. Select whether loan approval has been obtained with prior to document conditions.
11. Confirm if all prior to document conditions have been cleared.
12. Check if the buyer has loan approval without any conditions.
13. In the closing section, note whether the lender has ordered the closing loan documents and instructions.
14. Indicate if the lender has sent the documents to the escrow company.
15. Confirm whether the lender has received and approved the pre-audit from the escrow company.
16. Select if the lender has received signed documents with prior to funding conditions.
17. Check if the buyer has obtained loan approval without conditions.
18. Finally, indicate if the funds have been ordered.
19. Ensure the lender's signature and date are provided at the end of the form.
20. After completing the form, save your changes, and download, print, or share the completed document as needed.

Complete your Loan Status Update form online today for a smooth processing experience.