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Get Loan Status Update 2017
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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.
- Click the ‘Get Form’ button to access the Loan Status Update 2017 document and open it in your preferred online editor.
- 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.
- Provide the contact details for the lender, including the address, city, state, email, phone, fax, and zip code.
- Enter the close of escrow date and identify the buyer(s) and seller(s) along with the property address or assessor's number.
- Indicate the buyer's marital status and whether they are relying on the sale or lease of a property to qualify for the loan.
- Specify if the buyer is relying on seller concessions to cover loan costs, and indicate if down payment assistance is being used.
- Select the type of loan from the provided options, such as conventional, FHA, VA, etc., and specify the property type and occupancy.
- Respond to the lender’s provision of necessary documents, like the HUD form and credit report, and specify any pre-qualification amount as discussed.
- Complete the documentation checklist and indicate if all necessary information has been submitted to the lender.
- 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.
- 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.
Loan statuses were designed to help you classify loans by where they are in the lending cycle.
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