The Financing Process

There are a number of things that must occur before you close on your Purchase or Refinance transaction with Guardian Funding. We promise to make every effort to get you to the table as fast as possible. However, we will need your help in this process. We work on deadlines; therefore, it is imperative you provide us with the requested information within 24 hours.

Application Stage - This is the initial phase of the mortgage process. We gather all the pertinent information from you. At this time, we get an idea of what you are trying to accomplish in terms of program types, rates, and payment plans. Ready to apply? Click here!

Processing Stage - Once you have accepted the offer and agreed to the terms and conditions of the loan, we begin gathering supporting documentation. Appraisal and title searches are conducted and the loan package is prepared for the investor. See list of verification items required to make sure you know what we need to make your loan happen.

Underwriting Stage - You are almost there! Now an underwriter reviews all the supporting documentation submitted by the processing department. They check and verify all submitted information and within 48 hours we are given final underwriting conditions.

Closing Stage - Once the underwriter gives the green light and verifies all of the information; the loan closing package is prepared and forwarded to the title company for signatures. At this moment, a closing time is scheduled with your settlement agent. During the settlement, you must review the paperwork to make sure the terms are as you agreed to.

Funding Stage - After the loan has closed, the proceeds of the transaction are disbursed to the proper parties. If it is a purchase loan, the funds borrowed are forwarded by the title company to the sellers of the property. If it is a refinance transaction, the funds are disbursed to your previous mortgage company, creditors, and or to you if it is a cash out loan.

After these five major stages are complete, the financing process is over. However, as a part of our commitment to customer service, we will contact you from time to time to see how you are doing with the loan. A majority of our business comes from customer referral and repeat business. Therefore, we greatly appreciate any referrals that you can provide, and we look forward to hearing from you the next time you need mortgage assistance.