Appraisal, Engineering, Environmental and Site Inspection are Ordered. Financial Data from Borrower and completed reports are reviewed. File sent to WSC closing attorney. Title, Insurance, Credit, UCC Search, Legal Opinion reviewed. Closing Documents signed and returned to WSC closing attorney.
Loan is Sized and Priced.
Requested Terms and Conditions discussed with Borrower. Application reviewed and Accepted by Borrower and returned with Underwriting checklist of items. Completed reports received by WSC and reviewed with Borrower for accuracy. Commitment issued by WSC and reviewed and accepted by borrower. Commitment Fee due at this time.