NOTICE: {Lender Name} Received Your Loan Application Thanks for allowing us to help with your home purchase. Thanks for applying with {Lender Name}.

Hi {Borrower FName}, I wanted to send you a quick note to say, “Thank You”. Thank you for giving me and {Lender Name} the opportunity to help you with your home refinance. Whether you and for allowing us the pleasure of making your new home purchase a reality. So what happens next?

Underwriting Review Now that we’ve received your loan application, we’ll get to work underwriting your loan. That simply means that we’ll be verifying all the information you provided. Underwriters will make sure that your income, assets, debt and any other details you provided us are accurate and verified. Depending on the requirements of the loan options we’ve discussed, the underwriters may ask you to provide additional documentation.

Property Appraisal While you application is being underwritten, we’ll arrange for your home to be appraised. The appraisal is a critical and required step because it safeguards against financing more on your home than it’s worth. It’s also a safeguard for us as your lender, to not lend out more on a property than it’s currently worth. Appraisers are always 3rd parties in the mortgage process (it’s illegal for the appraiser to work directly with or for the mortgage company) and they have only one purpose – to realistically evaluate a property for its actual worth at the time of the appraisal.

Closing Your Loan Assuming that the appraisal comes in at a value that works with your loan terms, the final step is to schedule a date and location that is convenient for you to close your loan.

We’ve got some work to do on our side, so sit back and relax. We’ll be in touch again soon.

Best regards, {Assigned Loan Officer Name}, NMLS# {Assigned Loan Officer NMLS#} {Lender Name}, NMLS# {Lender NMLS#} Phone: {Assigned Loan Officer Toll-free #} Ext. {Assigned Loan Officer Extension} Email: {Assigned Loan Officer Email Address}