Follow every loan like a delivery.
Six stages, one live file. Select a stage to see today's step and what we need.
Sample file, demo data
Application
Closing Nov 21
- Today's step
- Maria opens your file and sets every date.
- What we need
- A photo ID and the signed application.
- Who works here
- Maria R.Coral · IntakeCoral · Docs
- Maria R. opened the file and set the closing date
- Coral · Intake read the contract and built the checklist
- Coral · Docs asked for a photo ID and the signed application
What happens at each stage
Application
- Open the file and set every date.
- Assign a processor licensed in the property's state.
- Build the document checklist.
Disclosures
- Get fee quotes from title and escrow.
- Check the Loan Estimate for accuracy.
- Follow up until it is signed.
Processing
- Request documents and check each upload.
- Work up income, assets and credit.
- Order and track the appraisal, title and insurance.
Underwriting
- Audit the file against the lender's guidelines with Loan Genie.
- Submit to the lender and work with the account executive.
- Clear each condition.
Clear to close
- Verify employment and payoffs.
- Balance the Closing Disclosure with title.
- Confirm clear to close in writing.
Closing
- Book the signing.
- Walk every party through closing day.
- Track funding and the post close package.
A person and a team of specialists
The senior processor
Owns the file, approves every key step, answers your calls and decides what happens next.
The Coral specialists
One for each task: income, title, conditions, status and more. They chase, check and draft. Each action shows its name on the file.
Why one live file matters
A purchase loan takes 36.8 days on average from application to close. That is a long time for everyone to guess where the file stands.