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  • HOME
  • JUMBO REVERSE MORTGAGES
  • REVERSE MORTGAGE FAQ
  • IS IT RIGHT FOR ME?
  • PROS-CONS-CLOSING COSTS
  • WHAT ARE THE SAFEGUARDS?
  • WHAT IS HECM COUNSELING?
  • MANUFACTURED HOMES
  • FIRST TIME HOME BUYERS
  • PURCHASING WHAT NOT TO DO
  • FINDING THE RIGHT LOAN
  • POOR CREDIT -WE CAN HELP.
  • VA HOME LOANS
  • DOCUMENTS-UNDERWRITING
  • ADVISORS MORTGAGE INFO
  • CONTACT US
  • MORTGAGE LOAN ORIGINATOR
  • FLOWERS AND ME
  • More
    • HOME
    • JUMBO REVERSE MORTGAGES
    • REVERSE MORTGAGE FAQ
    • IS IT RIGHT FOR ME?
    • PROS-CONS-CLOSING COSTS
    • WHAT ARE THE SAFEGUARDS?
    • WHAT IS HECM COUNSELING?
    • MANUFACTURED HOMES
    • FIRST TIME HOME BUYERS
    • PURCHASING WHAT NOT TO DO
    • FINDING THE RIGHT LOAN
    • POOR CREDIT -WE CAN HELP.
    • VA HOME LOANS
    • DOCUMENTS-UNDERWRITING
    • ADVISORS MORTGAGE INFO
    • CONTACT US
    • MORTGAGE LOAN ORIGINATOR
    • FLOWERS AND ME

EN

  • HOME
  • JUMBO REVERSE MORTGAGES
  • REVERSE MORTGAGE FAQ
  • IS IT RIGHT FOR ME?
  • PROS-CONS-CLOSING COSTS
  • WHAT ARE THE SAFEGUARDS?
  • WHAT IS HECM COUNSELING?
  • MANUFACTURED HOMES
  • FIRST TIME HOME BUYERS
  • PURCHASING WHAT NOT TO DO
  • FINDING THE RIGHT LOAN
  • POOR CREDIT -WE CAN HELP.
  • VA HOME LOANS
  • DOCUMENTS-UNDERWRITING
  • ADVISORS MORTGAGE INFO
  • CONTACT US
  • MORTGAGE LOAN ORIGINATOR
  • FLOWERS AND ME


Helpful Information ~ Reverse Mortgage Long Island.com

CALL FOR INFO: 888-843-9797 - 631-804-9044

Documents & Underwriting

Mortgage Documents - How and Why Information is Obtained - Processing and Underwriting Steps

Application Documents


Your Advisors Mortgage loan originator (also known as a loan officer) gathers information from you, and  with that information, creates your loan application.  You will sign the application in the appropriate places, and the loan officer will submit the application along with various documents required to the processing department.


How Does Mortgage Processing Work?

A processor is responsible for opening your application file and beginning the work of processing your loan documents. This is done via software specifically designed for the mortgage industry so it can be later uploaded to an underwriter for review.  The processor is responsible for the following tasks:


*Entering your data into the mortgage processing system 

*Checking documents for accuracy 

*For reverse mortgages, examining the HECM Certificate

*For FHA & HECM's: Ordering an FHA Case number OR transfer of a case number

*For VA, examining your DD214 and other documents

*Ordering a title report to validate ownership of your home

*Obtaining updates on real estate taxes and tax bills

*Ordering an appraisal on your property to determine its value and condition

*Ordering payoffs from your current mortgage company 

*Submitting your application and documents to underwriting

*Advising the loan officer that the loan has been approved with conditions

*Uploading conditions required by the underwriter to close your loan

*Getting your loan ready for a clear to close by the underwriting department

*Scheduling your closing and contacting all parties who need to attend 

*Post Closing : Making sure your funding and payoffs are disbursed.




Mortgage Underwriting

What do underwriters look for?

Underwriters are most common in industries where transactions carry considerable risk. Each industry has their own underwriter specific to a particular business model with expert knowledge of their field, and in the case of mortgages, an underwriter must have a firm knowledge of mortgage lending. A mortgage underwriter is responsible for analyzing data provided by a mortgage applicant, assessing and evaluating risk to the lender or, in an FHA loan, FHA. It is the underwriter's job to approve, suspend,or deny your mortgage application and, to the best of their ability, ensure your loan will not default.  Underwriters also protect you from a mortgage you cannot afford. 


FHA Insured loans or HECM's (Reverse Mortgages):

It is the FHA underwriter's job is to ensure (in the case of a HECM) that the FHA HECM application and documents meet FHA standards and is insurable by FHA guidelines.  Once an underwriter has determined the loan meets those guidelines, the underwriter can issue a conditional approval and eventually clear to close.

Advisors Mortgage will help you through the entire mortgage process. Trust the mortgage experts!

About Advisors Mortgage-Click Here!

Got questions? Ask Advisors Mortgage! Request Our Free Reverse Mortgage Booklet. For a free Reverse

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  • Names of all borrowers
  • Dates of birth for all borrowers
  • Balances on mortgages & equity loans
  • Approximate value of home
  • Zip code to property or address

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Advisors Mortgage-Your Mortgage Experts

We will provide a free consultation as well as free literature so you can learn the ins and outs of Reverse Mortgages.

If a Reverse Mortgage is not right for you, we will provide information on other mortgage products. Advisors Mortgage Group does conventional. VA, FHA, 203k, construction loans, etc.  

Advisors Mortgage Branch NMLS 1833015

3330 Park Avenue, Suite 1, Wantagh, NY 11793


  • HOME
  • JUMBO REVERSE MORTGAGES
  • REVERSE MORTGAGE FAQ
  • IS IT RIGHT FOR ME?
  • PROS-CONS-CLOSING COSTS
  • WHAT ARE THE SAFEGUARDS?
  • WHAT IS HECM COUNSELING?
  • MANUFACTURED HOMES
  • FIRST TIME HOME BUYERS
  • PURCHASING WHAT NOT TO DO
  • FINDING THE RIGHT LOAN
  • POOR CREDIT -WE CAN HELP.
  • VA HOME LOANS
  • DOCUMENTS-UNDERWRITING
  • ADVISORS MORTGAGE INFO
  • CONTACT US
  • MORTGAGE LOAN ORIGINATOR


ADVISORS MORTGAGE GROUP, LLC.,  WE TAILOR LOANS TO MEET YOUR NEEDS -- Branch NMLS 1833015, 3330 Park Avenue, Suite 1, Wantagh, NY 11793 - Phone:  888-843-9797 or direct: 631-804-9044  -  Licensed by the New York State Department of Financial Services, Licensed Mortgage Banker. Licensed by the New Jersey Dept of Banking and Insurance, Licensed by the Florida Office of Financial Regulation, 

 Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. ,

 Licensed by Texas Dept. of Savings and Mortgage Lending,  

 IMPORTANT NOTE: FOR CONCERNS OR COMPLAINTS, PLEASE CONTACT: ADVISORS MORTGAGE GROUP, LLC.,  800-778-9044

Website authorization by New York State Dept. of Financial Services is pending. Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site. This website is not sponsored by FHA or HUD or any government agency.  



“CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.    A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”



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