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

4. Processor

• Confirms terms and conditions with borrower
• Collects all additional documentation
• Re-submits file for final underwriting once all documentation is collected

5. Appraisal Reviewer

• Reviews Appraisal for value and condition of property
• Works with appraiser to resolve any issues with appraisal
• Issues approved appraisal to Borrower

6. Closer

• Prepares and sends loan closing document package to Closing Agent
• Wires loan funds to the Closing Agent

7. Closing Agent / Attorney

• Schedules the loan closing
• Informs Borrower of funds needed to close
• Explains to Borrower final documents to be signed
• Witnesses Borrower signature on all required documents

View the step-by-step diagram of the Mortgage process