Link to University Lending Group Facebook page

 

 Link to University Lending Group Facebook page

ULG strives to provide its customers with high quality service and a comprehensive selection of competitively priced loan products. 
 
loans Contact Us

 

ULG strives to provide its customers with high quality service and a comprehensive selection of competitively priced loan products. 
 
loans Contact Us

 

 

Speed Up the Mortgage Process

Once complete, your application will be given to a processor in the mortgage company who will organize your paperwork and may verify your employment, bank balances, and other information.

Be sure to respond promptly to requests for information while processing is taking place.

Commonly requested items during processing that may not have been collected during the application include:

  • The final purchase contract for the house (if applicable).
  • If you're self-employed, the mortgage company may require your personal and business tax returns for the previous two years and your company's year-to-date Profit and Loss statement.
  • Divorce settlement papers, if applicable
  • Updated account statements for listed assets in the application that may have changed in value.
  • Information about debts or credit report items that may have been delinquent or not accurate.
  • Evidence of your mortgage or rental payments, such as canceled checks.
  • An irrevocable gift letter if you are receiving a monetary gift from a relative.

The processor is collecting this information before presenting it to an underwriter. An underwriter reviews all the information in your loan file to determine if the application meets the lender guidelines. With approval, a lender should give you a letter of commitment, which is a promise from the lender to make a loan based on specific terms and conditions.

University Lending Group
 
Let University Lending Group guide you through the home buying or refinancing process, and provide you with the best service available.

PHONE: 586-783-7900

Copyright 2019
University Lending Group
Careers 
Privacy Notice | Terms Of Use
Online Security
NMLS #213179
University Lending Group
 
Let University Lending Group guide you through the home buying or refinancing process, and provide you with the best service available.

PHONE: 586-783-7900

Copyright 2019
University Lending Group
Careers 
Privacy Notice | Terms Of Use
Online Security
NMLS #213179
University Lending Group 
Mortgage Library About Us
Loan Programs
Locations Find a Professional Contact Us

Privacy Notice - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at www.university-bank.com or we will mail you a free copy upon request if you call us at 1-800-368-7987. 

Illinois Residential Mortgage Licensee - Illinois Mortgage Banker Licensee, License No. MB. 6760806, State of Illinois Department of Financial and Professional Regulation, Division of Banking, 100 W. Randolph, 9th Floor, Chicago, IL 60601; (312) 793-3000; www.idfpr.com.

University Lending Group 
Mortgage Library About Us
Loan Programs
Locations Find a Professional Contact Us

Privacy Notice - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at www.university-bank.com or we will mail you a free copy upon request if you call us at 1-800-368-7987. 

Illinois Residential Mortgage Licensee - Illinois Mortgage Banker Licensee, License No. MB. 6760806, State of Illinois Department of Financial and Professional Regulation, Division of Banking, 100 W. Randolph, 9th Floor, Chicago, IL 60601; (312) 793-3000; www.idfpr.com.

 
 
 
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Equal Housing Lender logo