Loan Process

Loan Process:

Since 2009, Dan Cassel and the skilled Trinity Mortgage Broker Loan Team have delivered reliable California Real Estate Loan closings for Investors, Builders, Families, and Realtors. We are always open to feedback and questions.

Our Secure and Confidential process typically works like this:

Borrowers/Entity apply online and complete loan information in the “Get Started” tabs. Often they then phone. That is fine. Borrower and Dan or the Trinity Lending Team connect and review the Loan requests and details via a simple 15 min “Discovery” call.

Borrower confirms time-lines and works with the Trinity Lending Team to gather all Loan documents needed for loan underwriting, reviews, pricing and determines what next with Dan and the Trinity Mortgage Loan team.

Once all items are received, with most recent documents, 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.

At that point, our borrower’s timelines are confirmed and we accelerate. 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 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!

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. Some sources require more time. Some less.

If you have a specific fast cash need we can deliver quickly on all Non Owner deals. Residential or Commerical.

To learn more details you can also phone us direct at 866-310-1112.

Our team is here to deliver Loan Solutions! We look forward to our next discussion and to a smooth transaction!