Tracking the Loan Process

Track the Buyer’s loan progress with other Agent. Make sure all dates and deadlines are met. Keep Seller apprised of current situation. If Contract falls, begin from the beginning. Release of Earnest Money if within Contract dates.

  1. All paperwork to Lender
  2. Make contact with Lender and verify Buyer information
  3. Loan Application Deadline
  4. Buyer’s Credit Information Deadline
  5. Disapproval of Buyer’s Credit Information Deadline
  6. Existing Loan Documents Deadline
  7. Existing Loan Documents Objection Deadline
  8. Loan Transfer Approval Deadline
  9. Contact Lender weekly to ensure processing of loan approval is on track
  10. Notify Seller of loan approval

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