Loan Application & Approval Checklist
Navigate the mortgage process with confidence! Download our free Loan Application & Approval Checklist - your essential guide to securing real estate financing. Simplify paperwork, understand requirements, and ace your loan approval. #realestate #mortgage #loanapproval #checklist #homebuying
This Template was installed 1 times.
Pre-Application & Initial Assessment
Tasks completed before the formal application is submitted, including initial contact and eligibility checks.
Loan Type Interest
Estimated Credit Score Range
Property Occupancy
Briefly describe your financial goals
Desired Closing Date
First Time Home Buyer?
Application Submission & Verification
Gathering and submitting the loan application and verifying provided information.
Borrower Full Name
Social Security Number (SSN)
Property Address
Loan Type (e.g., Conventional, FHA, VA)
Date of Birth
Copy of Government-Issued Photo ID (e.g., Driver's License, Passport)
Marital Status
Estimated Annual Income
Credit & Income Documentation
Collection and verification of financial documents to assess creditworthiness and ability to repay.
Pay Stubs (Last 30 days)
W-2 Forms (Last 2 years)
Gross Monthly Income
Net Monthly Income
Description of Self-Employment Income (if applicable)
Tax Returns (Last 2 years - Federal & State)
Employment Status
Date of Last Pay Stub
Asset Verification
Documenting and confirming the applicant's assets.
Bank Statements (Last 3 Months)
Value of Investment Accounts
Brokerage Account Statements
Value of Retirement Accounts (401k, IRA)
Description of Other Assets (e.g., Vehicles, Collectibles)
Estimated Value of Other Assets
Gift Letter (if applicable)
Type of Asset Ownership (Sole, Joint, Trust)
Property Evaluation & Appraisal
Tasks related to assessing the value and condition of the property.
Property Appraisal Report
Appraised Value
Estimated Market Value
Property Condition (Overall)
Property Condition Notes (Detailed)
Zoning Classification
Survey/Plat Map (if available)
Appraisal Date
Environmental Concerns/Disclosures (if applicable)
Underwriting & Loan Processing
Detailed review and analysis of the loan application by the underwriter.
Underwriter's Narrative Analysis
Loan-to-Value (LTV) Ratio
Debt-to-Income (DTI) Ratio
Property Type Suitability
Automated Underwriting System (AUS) Result
Supporting Documentation (e.g., appraisal review, income verification)
Date of Underwriting Review
Underwriter's Comments & Justifications
Loan Approval & Commitment
Formal approval of the loan and issuance of a commitment letter.
Loan Committee Review Required?
Loan Committee Approval Score (if applicable)
Loan Committee Notes/Concerns (if applicable)
Date of Loan Committee Approval
Preliminary Exception Review Completed?
Exception Notes (if applicable)
Date of Commitment Letter Issued
Commitment Letter - Uploaded Document
Conditions Met?
Condition Notes (if applicable)
Closing & Funding
Final steps before and during the loan closing process.
Scheduled Closing Date
Closing Disclosure Received by Borrower?
Closing Disclosure Review Status
Closing Disclosure Document
Total Closing Costs
Notes/Comments Regarding Closing
Borrower Signature
Lender Representative Signature
Funds Source Verification
Post-Closing & Servicing
Tasks performed after the loan is funded and during the servicing period.
First Payment Due Date
Servicer Assigned
Loan Balance (Post-Closing)
Notes from Closing (e.g., escrow instructions)
Escrow Account Established?
Date of First Escrow Payment
Any post-closing communication with borrower (record details)
Task Management Solution Screen Recording
Stop juggling tasks! See how ChecklistGuro’s task management solution streamlines your workflows and keeps your team on track. This screen recording shows you how easy it is to create, assign, and monitor tasks - all within our BPM platform. #taskmanagement #bpm #checklistguro #productivity
Related Checklist Templates
AML (Anti-Money Laundering) Compliance Checklist
Lead Generation Checklist
Eviction Process Checklist
Client Onboarding Checklist
Property Acquisition Checklist
Rent Collection Checklist
Luxury Home Sales Checklist
Client Feedback Collection Checklist
1031 Exchange Checklist
Purchase Agreement Review Checklist
We can do it Together
Need help with Checklists?
Have a question? We're here to help. Please submit your inquiry, and we'll respond promptly.