Mortgage Loan Process

Mortgages

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See how to check mortgage application status, upload documents and more.

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The mortgage loan process doesn't have to be difficult. Once you have made the decision to pursue applying for a mortgage loan with Regions, your Mortgage Loan Originator will work with you to obtain the necessary documentation required for a loan decision.

Below is a summary of the mortgage loan process so you'll have a better understanding of what you can expect:

1. Borrower

Contacts Mortgage Loan Originator for financing information
Provides initial documentation (tax returns, pay stubs, bank statements, etc.) necessary for underwriting
Provides homeowner's insurance
Signs final loan documents presented by Closing Agent
Provides funds needed to close

2. Mortgage Loan Originator

Discusses Borrower’s financial situation to identify needs
Makes product recommendations to meet Borrower’s needs
Assists in completing the loan application
Requests documents needed from Borrowers for underwriting the loan file
Provides Loan Estimate and other disclosures to Borrower
Orders Appraisal
Submits loan package to Operations Center for decision
Locks in interest rate

3. Underwriter

Reviews initial documentation for credit qualification and ensures all conditions are met
Submits file to Processor to collect additional documentation
Issues final loan decision