Loan Process

 Since 2009, Dan Cassel and the skilled Trinity Mortgage Broker Loan Team have delivered aggressive, reliable Real Estate Loan closings of all types for Investors, Builders, Families, and Realtors.

 

Our Secure and Confidential process typically works like this:

*Borrowers/Entity apply for a new loan online and begin by completing our loan assistant 3 minute application. click here to begin! Or borrowers can visit our homepage and click “start Application” button at top of the home page.

*Borrower and the Trinity Mortgage Lending Team connect and review the Loan Request (s) and details via a simple 15 min free consultation.

Borrower says go! Borrower re-confirms time-lines and loan details. Borrower works with the Trinity Lending Team to gather all Loan documents.

*Appraisals, Credit Reports etc. fees collected for Lenders as needed

We organize and review all loan documentation and enter into secure systems. Generally, we will have additional requests the more we learn. Very normal.

Once ALL items are received, with most recent document request, the file is processed and the file is set up for Lender Underwriting/Due Diligence. You will receive legal disclosures, terms, and other communications to meet lending regulations about that time. That is when the clock starts ticking, so to speak. Often our borrowers will move to lock their loan(s) about this time as needed..

At that point, our borrower’s needs, timelines, documentation are re-confirmed and we accelerate to underwriting. No one likes surprises! We move fast and use very secure technology.

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Loan Charges

Our Residential Loan experience allows us to provide many “No Point” California Residential Home Loans if that is the best loan solution for the Borrower.  As the loan amount gets larger, it may make more sense mathematically to pay the loan fees and take the lower rate. Generally, for most Residential and Commercial Real Estate loans in California, there will be credit report fees and appraisal fee amounts we need to confirm and get collected upon loan submission for the Lending Source. The Banks or lending source control all appraisal discussions, fees.

Our Investment Loans, Construction Loans, and Commercial loan products do charge “Points” and initially first deliver an immediate Letter of Interest (LOI) and upon acceptance and execution of the terms by the borrower, and all details worked out satisfactory, a refundable Bank deposit will likely be requested and discussed as needed for Legal, Site visit, and third party details like appraisals or review of appraisal(s).

All these “deposits” are applied to costs or refunded. There are no deposits needed until you say GO, always payable to the Banks/Lenders!

Due Diligence items

Typically, there will be a site inspection. We need a title report. Possibly Legal. All items to Underwrite.
We can consider a recent appraisal you have, however, generally most loan sources seek a current appraisal that fits their collateral needs.

Many Lenders decide who they will use or whose appraisals they will accept. They do not always accept recent appraisals from Borrowers. That varies.

Closing and Funding

Closing and Funding timelines are typically within 2-3 weeks of issuing terms, receiving all documents, appraisals ordered as needed, and agreements to proceed. Private Money can move even faster. It truly depends on the Loan situations.  Appraisals today often take 10-12 days, once the home is reviewed, for a Residential Loan. For a Construction or Commercial maybe add a few more days at peak times. Some situations just require more time. Some less!

To learn more details you may also phone us direct at 866-310-1112. If you seek to start a new Real Estate Loan Application simply click here.

Our team is here to deliver Loan Solutions of all types!