The application process varies according to the type of finance you are seeking and even from lender to lender.

Outlined below are the steps common to most lenders when processing home loan applications.

	After the initial interview and lender selection, our consultant receives all necessary information and documents as per the lender’s application checklist.
	Information is collated and submitted to lender.
	Lender conducts credit checks and assesses application based on the information and documents provided.
	Lender advises if loan is conditionally approved (or declined). There may be a request for more information or clarification at this point.
	Lender’s valuer conducts a valuation of the property and submits report to lender.
	If valuation is acceptable lender either issues unconditional approval. If mortgage insurance approval is required lender obtains this prior to issuing unconditional approval.
	Lender prepares mortgage and loan documents and sends them to you or your solicitor.
	You sign documents and return to lender together with any requested documents.
	Congratulations – your loan has settled.