Corporate Office
12 Penns Trail Suite 138Newtown, PA 18940
CASH-OUT. REFINANCE. PURCHASE.
Transaction
Timeline
Our process is straightforward and transparent, providing clients with a hassle-free experience through clear guidance, easy-to-follow steps, and full compliance with state regulations.
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Your Mortgage Journey, Made Simple
At eDSCR, we believe getting a mortgage shouldn't be overwhelming. Here's a step-by-step look at how we guide you from application to closing—so you know what to expect every step of the way.
1. Complete & Sign Your Loan Application
We start with the basics: you'll complete a loan application and sign the initial disclosures. This gives us the green light to begin your loan process and sets everything in motion.
2. Upload Your Required Documents
Next, you'll upload the necessary documentation—think Identification, mortgage statements, bank statements, and more. Once we receive everything, we can officially move your loan into the processing stage.
3. Processing Begins
Our loan processor reviews your file for accuracy and completeness. They'll also order essential third-party services like the appraisal, which is required to determine the current market value of the property you're buying or refinancing.
4. Underwriting Review
After processing, your complete file is sent to an underwriter. The underwriter conducts a thorough due diligence review, ensuring everything aligns with loan guidelines.
5. Conditional Approval
If all looks good, the underwriter issues a conditional approval. This means your loan is approved—pending a few final items. You'll receive a list of conditions we still need to clear before we can move to closing.
6. Clearing Conditions
You’ll work closely with your loan processor to gather and submit the final required documents. These items go back to the underwriter for one last review.
7. Final Approval & Closing Prep
Once the underwriter clears all outstanding conditions, your file is sent to our closing department. At this point, we coordinate with the title or escrow company to balance your final settlement statement. We’ll also prepare your official loan documents while you schedule a time to sign.
8. Sign & Fund
You're almost there! Once you sign your loan documents, we move to the final step: funding your loan. Congratulations—your mortgage is complete and you're ready to start working on you investment! Need help or have questions along the way? Our team is here to guide you every step of the journey.
Need help or have questions along the way? Our team is here to guide you every step of the journey.
