Loan Application Process Flow Chart - Above And Beyond ...

Loan Application Process

Loan Interview

Conditions met eg. Valuations, Lenders Mortgage Insurance

(if applicable)

Bank to co-ordinate FHOG (if applicable)

Broker to submit Application to bank

Conditional Approval

Unconditional Approval

Broker notifies client by phone

Client receives letter from Broker

confirming approval

Broker to fax Approval to Real Estate Agent

Real Estate Agent to advise

Settlement Agent

Client to arrange Building Insurance

Client receives Loan Documents

from Bank

Client to receive a phone call from Broker confirming

receipt of Loan Documents

Client to return signed documents with Building

Insurance to Bank

Client to liaise with Settlement Agent regarding Settlement

SETTLEMENT

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