So that you may better understand the steps involved in the processing of your loan application, we provide them here:
| Day One |
Associate will conduct interview at home, place of business or mutually convenient location;
Completion of application form and all supporting documentation
(download application form here);
Preliminary loan assessment confirms eligibility of finance based on information provided;
Credit Reference Report (Baycorp) check completed;
Mortgage Insurer conditional loan approval sought.
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| Day Two |
Mortgage Insurer conditional loan approval received;
Valuation ordered on receipt of Mortgage Insurer conditional loan approval;
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| Day Three |
Valuation received and checked that property is suitable for security purposes;
Final Mortgage Insurance approval sought;
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| Day Four |
Receipt of final Mortgage Insurance approval;
Full loan submitted to funder for final unconditional approval;
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| Day Five |
Receipt of funders final approval;
Solicitor instructed to prepare loan contract and mortgage documentation;
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| After Approval |
Solicitor forwards loan contract and mortgage documents to clients for acceptance;
Accepted loan contract and mortgage documents certified by solicitor as OK;
Settlement of loan available within 48 hours of solicitors certification.
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