Mortgage Loan Process

How does a mortgage work?

Forthright Funding understands there's a lot to know about the mortgage process. That’s why we’ve outlined the steps involved so you are not only more informed but also feel more comfortable as you progress through each phase with your lender.

The type of loan you are applying for will determine the length of time required to approve and close your loan. Different loan types require different documentation and steps to complete the mortgage process.

To learn more about the mortgage process, select a loan type below.
The Full Loan Process
15-30 MINUTES

CHOOSING A MORTGAGE

Talk to our mortgage loan experts to help you pick the mortgage that suits your needs
more info...
5 MINUTES

THE MORTGAGE APPLICATION

Complete an application online or by phone
more info...
5-15 MINUTES

SUPPORTING DOCUMENTS

Electronically sign all initial disclosures
more info...
5-10 MINUTES

MORTGAGE DISCLOSURES

Electronically sign initial disclosures
more info...
20-40 MINUTES

REVIEW

Loan officer goes over all disclosures and supporting documents
more info...
24-72 HOURS

UNDERWRITING

The underwriter conducts a detailed analysis of your loan application
more info...
24-96 HOURS

SERVICE ORDERS

Jr. Processor orders services: Mortgage payoff, Homeowners insurance, Title, etc.
more info...
24-72 HOURS

CONDITIONAL APPROVAL

One step closer, your conditional approval is subject to additional verification
more info...
24-72 HOURS

CONDITIONS

Loan officer asks borrower for conditions if required, appraisal
more info...
24-72 HOURS

CONDITIONS CLEARED

Sr. Processor clears conditions and submits to underwriting
more info...
24-48 HOURS

UNDERWRITING APPROVAL

Underwriter gives Final Approval
more info...
15-30 MINUTES

CLOSING DOCUMENTS

Appointment is set with client to sign Closing Documents with certified Notary at borrowers choice of location
more info...
REFINANCE-3 BUSINESS DAYS PURCHASE-SAME DAY

FUNDS TRANSFER

Loan FUNDS!
more info...
The Refinance Process
20-40 MINUTES

REVIEW

Loan officer goes over all disclosures and supporting documents
more info...
24-72 HOURS

UNDERWRITING

The underwriter conducts a detailed analysis of your loan application
more info...
24-96 HOURS

SERVICE ORDERS

Jr. Processor orders services: Mortgage payoff, Homeowners insurance, Title, etc.
more info...
24-72 HOURS

CONDITIONAL APPROVAL

One step closer, your conditional approval is subject to additional verification
more info...
24-72 HOURS

CONDITIONS

Loan officer asks borrower for conditions if required, appraisal
more info...
24-72 HOURS

CONDITIONS CLEARED

Sr. Processor clears conditions and submits to underwriting
more info...
24-48 HOURS

UNDERWRITING APPROVAL

Underwriter gives Final Approval
more info...
15-30 MINUTES

CLOSING DOCUMENTS

Appointment is set with client to sign Closing Documents with certified Notary at borrowers choice of location
more info...
REFINANCE-3 BUSINESS DAYS PURCHASE-SAME DAY

FUNDS TRANSFER

Loan FUNDS!
more info...