Check our sales and operations funnels below to close your deals without the hassle.
From the first conversation to a pre-approval in hand and the home search.
Milestone Process: This milestone is initiated once we send the pre-approval letter a day after. The concept of this milestone is to crunch numbers for each property the borrower(s) would like to potentially place a bid on. (It is extremely important for all parties to communicate during this process)
Once a contract is executed: e-consent, third-party introductions, and disclosures.
Underwriting submission and every possible appraisal outcome.
Milestone Process: This milestone is initiated once we have an appraised value in as short, which means it did not hit our target purchase price. (The Borrower(s) will receive via email a PDF copy and invoice of the appraisal report. Please see the appraisal workflow/chart emailed to all parties to understand all options on the table.
Milestone Process: This milestone is initiated once we have an appraised value in as good, however subject to repairs which mean we need to repair the items to proceed with the loan file. (The Borrower(s) will receive via email a PDF copy and invoice of the appraisal report. Please see the appraisal workflow/chart emailed to all parties to understand all options on the table).
Milestone Process: This milestone is initiated once we have an appraised value in as short subject to repairs which means we need to repair the items to proceed with the loan file. (The Borrower(s) will receive via email a PDF copy and invoice of the appraisal report. Please see the appraisal workflow/chart emailed to all parties to understand all options on the table).
Conditions, the closing disclosure, clear to close, and funding.
TAG TEAM Internal Use Only: Operations Manager will pre-populate all outstanding conditions in the necessary fields for the Sales Assistant to Review with Borrower(s). The milestone will be moved by the Operations Manager pinging the Sales Assistant who will then be notified to send the (Conditions Template to the Borrower(s)) within 45 minutes after moving the milestone. Sales Assistant will "Text" the Borrower(s) to check their emails to set up a consultation to review all outstanding conditions, via zoom or by phone.
Remember, there are two emails that go out one to set up a meeting with the Sales Assistant that is automated and the other (Conditions Template) that will be pushed out by the Sales Assistant.
Milestone Process: This milestone is initiated once the file is approved by our underwriter.
Once the file is approved, pending a clear to close the Disclosing Team will issue a Preliminary Closing Disclosure Statement to the Borrower(s). These numbers are not balanced with the closer and title company. We request the CD early to start the 3 business day clock on TILA-RESPA integrated disclosures (TRID).
Milestone Process: This milestone is initiated once the file is Clear to Close with our underwriter. This means the file is ready for balancing with our Closing team and Title Company. This typically takes 24-48 hours. Once the CD is fully balanced the final closing package will be sent to the Title Company. The Borrower(s) will then sign all documentation.
Once the borrower has the CD balanced the Operations Manager will contact them to review this. The milestone is moved to the day of closing, which will trigger the clock and automation will count 3 days "Funding" on the 4th day. Late closings on Friday will NOT apply to Refi's.
Additional milestones that apply to specific borrowers.
Talk with our team about your buyer, your file, or your next scenario.