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Loan Document Coordination Checklist
Initial Document Gathering
Obtain the borrower's consent to proceed with the loan application
Collect the borrower's personal information, including full name, social security number, and date of birth
Gather income verification documents, such as recent pay stubs, tax returns, and W-2 forms
Loan Application Review
Ensure the loan application is fully completed and signed by the borrower
Confirm the accuracy of the borrower's information against supporting documents
Check for any missing information or documentation that could delay the approval process
Pre-Approval Process
Submit the loan application to the underwriter for preliminary review
Order a credit report and review the borrower's credit history
Calculate the borrower's debt-to-income ratio to assess loan affordability
Property Assessment
Order a property appraisal to determine the market value of the property
Review the title report for any liens or encumbrances that could affect the loan
Obtain and review property inspections and surveys, if required
Loan Documentation
Prepare and review the loan estimate for accuracy
Gather all required legal documents such as the mortgage, note, and disclosures
Ensure all documents comply with federal, state, and local regulations
Closing Coordination
Schedule the closing date with all parties involved
Review the closing disclosure and confirm all terms with the borrower
Coordinate the signing of all final loan documents
