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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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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 1997-2025
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
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
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
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
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 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232