From Application to Closing: Here's How We Streamline It

1. Application & Lock

You submit your basic information through our secure portal. MPP Loan Experts, review your goals and credit, finalize your program choice, and **lock your new rate**. We then issue your initial disclosure package.

What documents are needed for Step 1?

• Pay stubs (last 30 days)
• W-2s (last 2 years)
• Bank statements (last 2 months)
• Current mortgage statement

2. Processing & File Review

Our Processors (supported by **MPP Loans Experts**) organizes and verifies your entire file. If you are doing a Rate & Term or Cash-Out, the appraisal is ordered here. **FHA Streamline and VA IRRRL skip this appraisal step entirely.**

How long does the appraisal take?

On average, appraisals are completed and returned within 10–15 business days, though timing can vary based on your location and property type. We communicate the estimate upfront.

3. Underwriting & Conditions

The Underwriter, a third-party expert, rigorously checks the loan file against investor and government guidelines. They issue a set of **"Prior to Document" conditions**—minor documents (like updated pay stubs or a Letter of Explanation) needed before final approval.

What is a Prior to Document condition?

These are minor requirements that must be satisfied before the Underwriter issues the final approval. We manage this step, simplifying your response and reducing back-and-forth communication.

4. Clear to Close & Disclosure

Once all conditions are satisfied, you receive the **Clear to Close (CTC)**—the official confirmation the loan is approved! You then receive the final **Closing Disclosure (CD)**. Federal law mandates you must review the CD for at least **three business days** before signing.

Expert Assurance

MPP Loan Specialists, personally review every Closing Disclosure with our clients to ensure there are no surprises and that the final numbers match the promise. This ensures trust and transparency.

5. Signing & Funding

A notary meets you to sign the final documents. After signing, the loan enters the funding stage. You officially own the new, lower-rate loan after the **Rescission Period** (usually 3 business days for primary residences) ends. Your savings begin immediately!

How long until my old lender is paid?

Your old lender is typically paid immediately after the Rescission Period ends. We manage this payoff process entirely. Your first new payment will be due approximately 30–60 days after closing.

Beyond the Steps: Why Our Process is Faster

Dedicated Support

You work with one point of contact, reducing file handoffs and delays.

Digital Portal

Secure document submission and tracking, eliminating email and fax errors.

MPP Authority

As an extension of Mortgage Preferred Partners, we leverage top lender relationships for faster underwriting decisions.

Mortgage Preferred Partners  Loan Experts ensures all pre-underwriting checks are complete on day one, dramatically reducing time spent in Step 3.

Stop Wondering. Start Saving.

Ready to experience the simplest, most transparent refinance process available? It starts with a conversation, not a mountain of paperwork.