Our Loan Process

Step One

Step 1. Choose an application Method.

As a Preferred Internet Customer a number of options are available to you including;

• Secure Online Application Services. This option will entitle you to receive our highest priority underwriting protocols along with preferred interest rates and closing cost discounts. Use our Secure and Confidential Online Application Service.
• Traditional In-Office Application. Our staff would be delighted to set an appointment to meet with you in our offices and take your application during a formal Loan-Interview-Process.
• Apply By Fax or Mail. Alternatively, you can download your application from our website and fax it to us at (757) 498-6574 or mail it to us. Click here to find a branch.
• Licensed and Bonded Courier Service. Many of our clients appreciate the convenience and security of forwarding their loan application and other loan documents via our licensed and fully bonded couriers. This time saving service is available free of charge to all Met America Mortgage Bankers clients. Our courier staff is available to pick up loan related documents from your home, or office between the hours of 7am and 5pm. Monday thru Friday.

Step Two

Step 2. Gather required Income & Asset Documentation.

If you are a Salaried Employee, please provide the following; Last two consecutive years of W-2 statements and your most recent pay-stub.

If you are Self Employed please provide the following; Last two consecutive years of tax returns, (with all schedules) and a year-to-date profit and loss statement.

All borrowers; Provide last two months of financial account statements including; Checking, Savings, 401k and other investment or stock accounts as notated on your application (Kindly include all pages for each account).

All borrowers; Provide a copy of divorce decree (If applicable).

All borrowers; Provide a copy of your current first mortgage payment-coupon (please also include a payment-coupon for your 2nd. mortgage, if applicable).

 

Step Three

Step 3. Review and Sign Standard-Federal-Disclosures.

There are four pages of Standard-Federal-Disclosures which are required in all loan packages. These simple, consumer friendly documents have been issued by Federal Banking Regulatory Commissions to inform the general public of their rights regarding; The Fair Credit reporting act, Loan Servicing Transfer, Appraisal Disclosure, Borrowers Signature Authorization and other important topics. For your convenience, we have included these required disclosures on the "Loan Documents" page of our website.

 

Step Four

Step 4. Forward your Loan Application and Documentation.

Once you have completed the steps listed above, you will be ready to forward the information package to us for processing and formal underwriting approval. Forwarding options include:

• Dispatching our Licensed and Fully Bonded Courier Service to your home or office to pick up the documents and return them to our underwriting department.
• Setting a Loan Interview Appointment at our offices.
• Mailing the loan package to us at: Met America Mortgage Bankers. Attention Preferred Customer Processing Department. 5151 Bonney Road, Suite 107, Virginia Beach, VA 23462.

 

Step Five

Step 5. Full Underwriting Approval.

Once we have received your completed loan application, income & asset documentation and signed Federal-Disclosures, our underwriting staff will promptly begin the evaluation of your loan request. The underwriter may issue a full loan approval at this point, or may request additional information to assist in the approval process. Once your loan is fully approved, final closing documents will be prepared and an appointment will be made for you to sign the closing documents at the assigned title company.

Our courteous and professional loan specialists will guide you through the approval and closing process every step of the way. You will also have up to the minute access to your loan 24 hours a day, seven days a week via our Loan Status Network. You will be issued a personal and secure "Borrowers Web Page" which will allow to view your loans status and progress from your home computer.

At MetAmerica, our customers satisfaction is always our #1 priority.

 

Loan Documents

All current loan documnets may be downloaded from https://www.efanniemae.com/sf/formsdocs/forms/1003.jsp

Including

Uniform Residential Loan Application

Interactive version, Uniform Residential Loan Application

Note:

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