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Document updated: February 2017LOAN STATUS UPDATE (LSU) The preprinted portion of this form has been drafted by the Arizona Association of REALTORS. Any change in the preprinted language of this form.

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How to fill out the Loan Status Update 2017 online

The Loan Status Update 2017 (LSU) form is a crucial document for buyers and lenders in the real estate process. This guide will provide you with clear and comprehensive instructions on how to effectively fill out this form online.

Follow the steps to complete your Loan Status Update form.

  1. Click the ‘Get Form’ button to access the Loan Status Update 2017 document and open it in your preferred online editor.
  2. Begin by filling in the lender information section, including the lender company name, Arizona license number, NMLS number, loan officer's name, and their respective license and NMLS numbers.
  3. Provide the contact details for the lender, including the address, city, state, email, phone, fax, and zip code.
  4. Enter the close of escrow date and identify the buyer(s) and seller(s) along with the property address or assessor's number.
  5. Indicate the buyer's marital status and whether they are relying on the sale or lease of a property to qualify for the loan.
  6. Specify if the buyer is relying on seller concessions to cover loan costs, and indicate if down payment assistance is being used.
  7. Select the type of loan from the provided options, such as conventional, FHA, VA, etc., and specify the property type and occupancy.
  8. Respond to the lender’s provision of necessary documents, like the HUD form and credit report, and specify any pre-qualification amount as discussed.
  9. Complete the documentation checklist and indicate if all necessary information has been submitted to the lender.
  10. Final steps include getting the necessary signatures from the buyer(s) and loan officer, then confirm the agreement to follow up with loan status updates as required.
  11. Review all entered information for accuracy before saving the form, and then choose to download, print, or share the completed Loan Status Update.

Take control of your documentation process by completing the Loan Status Update form online today.

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Loan statuses were designed to help you classify loans by where they are in the lending cycle.

Explained below are the stages of the Loan Origination process: Step 1: Pre Qualification Process. ... Stage 2: Loan Application. ... Stage 3: Application Processing. ... Stage 4: Underwriting Process. ... Stage 5: Credit Decisioning. ... Stage 6: Quality Check. ... Stage 7: Loan Funding.

5 Factors That Determine if You'll Be Approved for a Mortgage Your credit score. Your debt-to-income ratio. Your down payment. Your work history. The value and condition of the home.

LOAN STATUS UPDATE (LSU)

A Loan Status Update, also known as a LSU, is a document specific to the state of Arizona that shows updates to the transaction between a buyer and a seller. It helps real estate agents communicate with the buyer and seller realistic expectations, as well as other details throughout the entire process of the loan.

The final step on the loan process is now complete: Your loan has been funded! At this time, all documentation is complete and the funds for the loan have been disbursed to the seller (purchase) or to the payoff of the prior loan (refinance). You should receive your first payment statement at the closing.

Loans in Process means any Mortgage Loan that, as of any date of determination, has not closed.

Loan Status Report means a report in a form, as mutually agreed to by Lender and Borrower, which sets forth, among other things, each Advance and the accrual of interest with respect to each Advance.

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© Copyright 1997-2026
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Your Privacy Choices
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
altaFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2026
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232