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The Loan Process

Not a fan of complicated loan processing? Neither are we. That’s why

Waterstone Mortgage is lending simplicity to today’s loan experience. Our process is designed to keep your loan application on schedule for a smooth closing. As we hit the major milestones during the process, we’ll provide you with clear, timely communication on the status of your loan application.

Our step-by-step process is below:

  • Your loan application is completed and all pre-qualification checklist items are collected
  • Waterstone Mortgage orders your credit report and gathers any additional necessary documents
  • Waterstone Mortgage issues a pre-qualification letter and you begin your home search with a professional Realtor®
  • Your Realtor® presents an offer on your behalf for the home you have selected – the offer is accepted and the closing date is set
  • Your loan originator meets with you and a loan program is selected based on your financial goals and needs
  • Waterstone Mortgage orders appraisal, title report, insurance binder, and other necessary documents
  • Waterstone Mortgage submits complete file to underwriter for final loan approval
  • Final approval is issued. Any final conditions are collected and satisfied
  • Loan is clear to close and closing documents are sent to the title company
  • Waterstone Mortgage sends you and your Realtor® a copy of the final settlement statement for you to review in advance
  • Congratulations! You attend the scheduled closing and become the owner of your new home
  • Waterstone Mortgage stays in touch and helps you with any future financing needs
Contact Information
Laura Leonhard
Branch Manager NMLS: #287033
Direct: (877) 384-3838
Email: Send Email
Copyright © 2019 Waterstone Mortgage Corporation (NMLS #186434) is a wholly owned subsidiary of WaterStone Bank SSB (NASDAQ: WSBF)
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