LOAN APPLICATION & APPROVAL CHECKLIST

Created by ChecklistGuro (https://checklistguro.com)

--- PRE-APPLICATION & INITIAL ASSESSMENT ---
[ ] Loan Type Interest (Purchase, Refinance, Construction, Home Equity Loan, Home Equity Line of Credit)
[ ] Estimated Credit Score Range
[ ] Property Occupancy (Primary Residence, Second Home, Investment Property)
[ ] Briefly describe your financial goals
[ ] Desired Closing Date
[ ] First Time Home Buyer? (Yes, No)

--- APPLICATION SUBMISSION & VERIFICATION ---
[ ] Borrower Full Name
[ ] Social Security Number (SSN)
[ ] Property Address
[ ] Loan Type (e.g., Conventional, FHA, VA) (Conventional, FHA, VA, USDA, Jumbo)
[ ] Date of Birth
[ ] Copy of Government-Issued Photo ID (e.g., Driver's License, Passport)
[ ] Marital Status
[ ] Estimated Annual Income

--- CREDIT & INCOME DOCUMENTATION ---
[ ] Pay Stubs (Last 30 days)
[ ] W-2 Forms (Last 2 years)
[ ] Gross Monthly Income
[ ] Net Monthly Income
[ ] Description of Self-Employment Income (if applicable)
[ ] Tax Returns (Last 2 years - Federal & State)
[ ] Employment Status (Employed, Self-Employed, Retired, Unemployed)
[ ] Date of Last Pay Stub

--- ASSET VERIFICATION ---
[ ] Bank Statements (Last 3 Months)
[ ] Value of Investment Accounts
[ ] Brokerage Account Statements
[ ] Value of Retirement Accounts (401k, IRA)
[ ] Description of Other Assets (e.g., Vehicles, Collectibles)
[ ] Estimated Value of Other Assets
[ ] Gift Letter (if applicable)
[ ] Type of Asset Ownership (Sole, Joint, Trust) (Sole, Joint, Trust)

--- PROPERTY EVALUATION & APPRAISAL ---
[ ] Property Appraisal Report
[ ] Appraised Value
[ ] Estimated Market Value
[ ] Property Condition (Overall) (Excellent, Good, Fair, Poor)
[ ] Property Condition Notes (Detailed)
[ ] Zoning Classification
[ ] Survey/Plat Map (if available)
[ ] Appraisal Date
[ ] Environmental Concerns/Disclosures (if applicable)

--- UNDERWRITING & LOAN PROCESSING ---
[ ] Underwriter's Narrative Analysis
[ ] Loan-to-Value (LTV) Ratio
[ ] Debt-to-Income (DTI) Ratio
[ ] Property Type Suitability (Single Family Residence, Condominium, Townhouse, Multi-Family, Other)
[ ] Automated Underwriting System (AUS) Result (Approved, Referral, Manual Review Required)
[ ] Supporting Documentation (e.g., appraisal review, income verification)
[ ] Date of Underwriting Review
[ ] Underwriter's Comments & Justifications

--- LOAN APPROVAL & COMMITMENT ---
[ ] Loan Committee Review Required? (Yes, No)
[ ] Loan Committee Approval Score (if applicable)
[ ] Loan Committee Notes/Concerns (if applicable)
[ ] Date of Loan Committee Approval
[ ] Preliminary Exception Review Completed? (Yes, No)
[ ] Exception Notes (if applicable)
[ ] Date of Commitment Letter Issued
[ ] Commitment Letter - Uploaded Document
[ ] Conditions Met? (All, Some, None)
[ ] Condition Notes (if applicable)

--- CLOSING & FUNDING ---
[ ] Scheduled Closing Date
[ ] Closing Disclosure Received by Borrower?
[ ] Closing Disclosure Review Status (Reviewed & Approved, Reviewed & Questions, Not Yet Reviewed)
[ ] Closing Disclosure Document
[ ] Total Closing Costs
[ ] Notes/Comments Regarding Closing
[ ] Borrower Signature
[ ] Lender Representative Signature
[ ] Funds Source Verification (Verified, Pending)

--- POST-CLOSING & SERVICING ---
[ ] First Payment Due Date
[ ] Servicer Assigned (Servicer A, Servicer B, Servicer C)
[ ] Loan Balance (Post-Closing)
[ ] Notes from Closing (e.g., escrow instructions)
[ ] Escrow Account Established? (Yes, No)
[ ] Date of First Escrow Payment
[ ] Any post-closing communication with borrower (record details)

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