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  • 2009 GFE Process Flowchart

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    51 Pegasi
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    Borrower visits a loan originator Gives originator information (1) (1) Borrower's name, Social Security number, loan amount, estimated property value, monthly income, and any other information originator deems necessary. Originator pulls credit from one bureau originator denies loan application No GFE is issued GFE is delivered to Borrower originator underwrites loan Borrower is approved originator transmits information to settlement agent, including information for page 3 settlement agent prepares hud-1.

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    Borrower visits a loan originator Gives originator information (1) (1) Borrower's name, Social Security number, loan amount, estimated property value, monthly income, and any other information originator deems necessary. Originator pulls credit from one bureau originator denies loan application No GFE is issued GFE is delivered to Borrower originator underwrites loan Borrower is approved originator transmits information to settlement agent, including information for page 3 settlement agent prepares hud-1.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    113 views1 page

    2009 GFE Process Flowchart

    Uploaded by

    51 Pegasi
    Borrower visits a loan originator Gives originator information (1) (1) Borrower's name, Social Security number, loan amount, estimated property value, monthly income, and any other information originator deems necessary. Originator pulls credit from one bureau originator denies loan application No GFE is issued GFE is delivered to Borrower originator underwrites loan Borrower is approved originator transmits information to settlement agent, including information for page 3 settlement agent prepares hud-1.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    GFE Process Flowchart

    Borrower visits
    a loan (1) Borrower's name, Social Security
    number, loan amount, estimated property
    originator
    value, monthly income, & any other
    information originator deems necessary.

    Gives originator
    information (1)

    Originator
    Originator
    pulls credit No GFE is
    denies loan
    from one issued
    application
    bureau

    GFE is delivered
    to Borrower

    Originator New GFE is


    Changed
    underwrites delivered to
    circumstance
    loan Borrower

    Borrower is
    approved

    Originator transmits
    information to settlement
    agent, including information
    for page 3

    Settlement agent
    prepares HUD-1

    Originator may
    cure tolerance
    Tolerances are OR… Tolerances
    violation
    met based on are not met
    immediately or
    GFE
    within 30 days

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