Workflow Templates: Loan Document Coordination Checklist

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

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

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

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

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

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

Loan Document Coordination Checklist