Mortgage Process...

At Ace Funding Group we pride ourselves on keeping our loan process simple and very efficient!

       Here is how the Ace Funding Group loan process works...

Step 1: The Loan Application

You and your loan consultant will go over all of your information together and decide which loan program will best fit your needs. At that time you will be given a list of the documents that you will need to get together for your loan consultant to process your loan.

Step 2: Ordering Documentation

Your loan consultant will begin ordering the information needed on your loan (example) exsisting mortgage payoffs, title work, appraisal on your property, credit reports, and any other documentation so that unnecessary problems and delays are avoided.

Step 3: Loan Submission

Once all of the documentation has been received from you and your loan consulltant, your file will be submitted to our lenders for loan approval, which generally takes anywhere from 24 to 72 hours.

Step 4: Loan Approval

Once our lenders approve your loan, you will be notified of the loan approval and are given a list of any additional loan conditions, if any, that the lender may still require before the loan can close.

Step 5: Loan Documents are Drawn

After the additional loan conditions are sent to the lender, the lender will sign off on the final loan approval and your loan documents will be emailed to our title company for your loan closing.

Step 6: Closing

Once the Title company has received the lenders loan documents you will make an appointment to review and sign your loan papers. Your Title officer will thoroughly explain in detail all of your loan documents to you.

Step 7: Funding

Once you have signed your loan documents, they will be returned to the lender who will review the loan packege. If all documents have been properly executed, signed and notorized, the check will be issued to fund your loan.

We hope this page answers any questions that you might have had on how the loan process works.