ePrequal Approval Process
Home loan approval process
Buying a home in the suburb, a cabin in the woods or a bungalow on the beach. ePrequal.com offers quick and eay home loan approvals to help you enjoy life to the fullest, achieve your goals and realize your dreams.
Our step-by-step loan approval process is fast and easy
1. Receive ePrequal preapproval
Preapproval will be based on an initial input of information of the home your might want to buy and personal information, your finances, such as income, job history, credit history and other credit factors. Our simple questionnaire asks about:
• What price range or loan size you are interested in.
• What is your current income
• What are your outstanding consumer debts such as car loans,
credit card payments, or other personal loans. 
When you submit the short data input screen, ePrequal runs your information through our proprietary an Automated Underwriting System “AUS”. You will receive an answer in 1 minute emailed back to you. You will receive a Certificate of Home Buying Power, an (optional) Free Credit Report w/ Scores, a Financial Summary of the transaction, Multiple Loan Options, and more!
If you are denied, we will invite you to call our experts in Customer Service and discuss how to review the application to get you quickly approved to buy a home.
If you're house-shopping, a preapproval letter tells your Realtor and the seller you already qualify for a loan – a definite advantage when they're considering your bid.
2. Search for Homes and write offers
After finding a home and submitting an offer with your realtor, you'll submit the property address to start the process for the appraisal, title report and other required inspections.
3. Allow for loan processing
During this stage, a loan processor collects supporting documents to verify the property value and make sure the property title is clear. All documents will be reviewed for final approval.
4. Close the loan
When the final approval is issued, your real estate agent and a loan specialist will work together to schedule a convenient closing time with you.
At closing, you will receive and sign a Settlement Statement (HUD-1 Statement) that discloses:
• Detailed closing costs charged to you or paid on your behalf
• The Mortgage or Deed of Trust
• Other required documents
After the documents are signed, the closing agent will record the Mortgage or Deed of Trust with the county recorder and will issue a Title Insurance Policy.
5. Enjoy your new home!
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