When you first work with your loan officer very early on in the process, you’ll soon establish a trusting relationship with that person. You’ve shopped around for a new loan and interviewed several loan officers before finally landing on the perfect choice. Your loan officer has helped qualify you and provide an array of loan programs that best meet your needs. You also work with your loan processor as your loan file moves through the approval process. You decide on not just the right loan program but also select your rate as your processor prepares your loan for a final approval. Once your approval is issued, papers are drawn and you attend your settlement. Papers are signed and returned to the mortgage company for a final review and once that review is completed your loan is funded.

Soon thereafter, you’ll receive payment information indicating where you need to make your payments. And for most funded loans, you’ll also receive another