How do Late Payments effect my ability to get a loan?


Joe Niece

American Mortgage and Equity Consultants, Inc

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(866) 829-1997




Email Joe Niece

Email Brian Bement

Email Meg Hoeschen


Get Pre-Approved in 5 Minutes


The Home Loan Process - The Home Mortgage Process

Thanks for trusting us with the purchase or refinance of your home.


1. We get you pre-approved by completing an application, pulling credit and sending us recent two years w2s, 1099s, and tax returns (personal and business). We also need to collect the recent 30 days paystubs and recent two months asset statements (checking, savings, 401k etc) along with a copy of your driver’s license.


2. You will email, fax or upload to your client portal the documents requested for your loan approval


3. We will go over loan programs and options for your pre-approval.


4. Purchase agreement received


5. We will send you an email for E-Consent for your file


6. You and I will discuss interest rates and a good time to lock in your rate


7. Our client manager will send you an intro email introducing our team working on your loan approval


8. We will send you application and disclosures that you E-sign


9. After E-sign of the application documents and disclosures your file will move to our client manager and loan processor to prep for submitting to underwriting.


10. You will be sent an email from our RESPA department. You should open the email and follow the instructions.


11. Client manager and Loan processor may ask you to provide additional documents


12. Loan processor will order appraisal, title, IRS transcripts, verification of employment etc. (Appraisal and Title work take roughly one week to have completed)


13. Loan processor will send your file to the underwriter


14. Wait 2-3 days for underwriter to review your file


15. Underwriter will email the loan processor with any additional documents they want you to provide for the final approval


16. Loan processor will review what the underwriter is requesting and reach out to you with any items needed for the final approval.


17. You will email the processor the additional documents the underwriter requested


18. Loan processor will review additional documents you sent, to evaluate if they will be acceptable to the underwriter


19. Underwriter will (we wait 1-2 days again) re-review your file, and if the additional documents you provided are acceptable, and no additional documents are requested, will issue a "clear to close".


20. Our closing department will send your file to the title company and get the wire for your mortgage ready to be sent for closing.


21. Title company will prepare your loan documents and let us the final amount needed for cash to close.


22. You go to the title company to sign closing papers – Closing will take roughly an hour.


The Loan Process

Refinance and Debt Consolidation

What you must know about Proper Document Collection

How to get Down Payment Assistance

What Type of First Time Home Buyer Loans and First Time Home Buyer Programs are there?

How do I lock my loan?

Loan Programs

Renovation Loan Programs

What Type of Construction Loans are there?

HELOC's and Second Mortgages

Buying a Vacation or Second Home

Who Qualifies for a HARP Refinance?

What is a Reverse Mortgage? What are the different types of Reverse Mortgages?

How can my credit help or hurt me when getting a loan?

How accurate are scores from Credit Karma, Experian, Transunion and Equifax when applying for a mortgage?

What to do six to twelve month before you are ready to buy a home

How do Credit Card balances change my credit scores?

How does Bankruptcy, Foreclosure, Short Sale, Judgements and Collections effect me when getting a loan?

What is an Extenuating Circumstance when getting an FHA Loan?

What is an Extenuating Circumstance when getting an VA Loan?

What is an Extenuating Circumstance when getting a Conventional Loan?

What are the waiting periods after a Bankruptcy for getting a loan?

What are the waiting periods after a Foreclosure or Deed in Lieu for getting a loan?

How to get Tax Transcripts from the IRS?