Steps in the MortgageProcess www.premiarelocationmortgage.com

866.591.0655

Getting Pre-ApprovedBeing pre-approved before you start your house hunting process is a smart move in today’s competitivemarket. A pre-approval will give you confidence in your level of purchasing power and lets the seller knowyour offer is serious because you have already been pre-underwritten by a mortgage provider.

1. Begin ApplicationWe listen to your goals in order to find you the bestproduct, program and rate. With the help of our DigitalMove platform Premia will assemble:

• Current address and, if known, property addressof the home you want to purchase

• Social security number• Employer name, address and your position

• Pull annual income documentation• Pull bank balances/statement

• Current debt• Purchase contract (if property already identified)

DigitalMove will automatically• Pull your credit report and score

• Determine your debt-to-income ratio• Prepare the loan estimate

Forms you will need to sign thru the DigitalMove portal

• 4506T - allows lender to pull tax information• Commitment letter• Appraisal disclosure• Primary resident/ occupant of the home you are

purchasing

2. Preparing for UnderwritingA loan processor assures all documentation is complete,and ready for our Underwriting team's review. They will:

• Order an appraisal• Order a review of the home’s title• Review the requirements of the program or product

you have selectedAs documents are reviewed, the loan processor may askclarifying questions or request additional documentation.

3. UnderwritingThe mortgage underwriter is trained and authorized to determine your loan eligibility based on the requirementsof the loan investor.

Who is the investor on my mortgage loan?This is the entity that is offering the money to back your mortgage and may not ultimately be your lender.Most mortgages in the U.S. are offered through lenderslike Premia Relocation Mortgage and then purchasedby government entities like Fannie Mae and Freddie Mac.

4. Ready to CloseOnce the application is given final approval, the lender will prepare a Closing Disclosure and provide it to you at least three days prior to closing. If the Closing Disclosure requires changes, a new disclosure is sometimes required and the three day waiting period will start over. The Closing Disclosure contains the final terms of your loan, as well as, the final loan charges that you will pay at closing.

5. The ClosingUnless a Power of Attorney is executed, all borrowersnamed on the loan are required to be present at closing. You will sign several items at closing including the promissory note, deed of trust, the deed, a number of affidavits and declarations; all of which are legal documents. Be sure to ask any questions so you fully understand what you are signing.

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This is not a commitment to lend. Program restrictions apply. All first mortgage products are provided by Premia Mortgage, LLC dba Premia Relocation Mortgage. Premia Mortgage, LLC dba Premia Relocation Mortgage is headquartered at 1111 W. Long Lake Rd., Suite #102, Troy, MI 48098, (248) 641-1540. Company NMLS #458540 (www.nmlsconsumeraccess.org). Premia Relocation Mortgage offers many loan products; contact a representative for more information. Premia Relocation Mortgage is licensed, registered, or exempt from licensing to conduct business in the following states which require license disclosure on advertising materials. Premia Relocation Mortgage may not be available in your area. Arizona Mortgage Banker License # 0918547; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act RMLA# 4131152; Georgia Residential Mortgage Licensee #32263; Kansas Licensed Mortgage Company MC.0025441; Massachusetts Mortgage Lender License # ML 458540; Licensed by the Mississippi Department of Banking and Consumer Finance; Missouri Residential Mortgage Loan Broker Registration License #1517-2170 (Premia's in-state office is located at 311 Kansas Avenue, Independence, MO 64050; Licensed by the New Hampshire Banking Department;Licensed by the N.J. Department of Banking and Insurance; Licensed Mortgage Banker - N.Y.S. Banking Department; Ohio Certificate of Registration #MB.804147.000; Rhode Island Licensed Lender; Registered under Texas SML Mortgage Banker Registration; Virginia State Corporation Commission Lender License #MC-5820; Washington Consumer Loan Company License #CL-58540; for State of Nevada residents Premia Mortgage, LLC is a mortgage lender promoting the loan products or services contained in this article; the business phone number that Premia Relocation Mortgage maintains on file with the State of Nevada Department of Business and Industry is (248) 641-1540. ©2019 Premia Mortgage, LLC dba Premia Relocation Mortgage. All Rights Reserved.