Workflow Templates: Loan Processing Checklist

Collect completed loan application form

Verify applicant's identity and contact information

Obtain applicant's consent for credit check

Request recent pay stubs and W-2 forms

Contact employer for employment verification

Analyze applicant's income stability and history

Obtain and review credit reports from major bureaus

Evaluate credit scores and history

Identify and resolve any discrepancies in credit reports

Order property appraisal through a licensed appraiser

Review appraisal report for accuracy and completeness

Confirm property title and ownership details

Prepare and review final loan documents

Set up closing appointment with all parties

Ensure all conditions and contingencies are met before closing

Loan Processing Checklist