subject: Nationstar Mortgage Llc Strives To Ensure Smooth Loan Processing For Every Customer [print this page] As the country's leading mortgage servicer and lender, Nationstar Mortgage LLC is dedicated to helping homeowners who are dealing with difficult financial situations. The company strives to make the entire mortgage loan process transparent and simple for everyone involved. The first step in the loan process is to submit an application with a loan officer. Once the application is completed, the loan officer (with your consent) will order a copy of your credit report to learn about your payment history with other creditors. After that, your loan officer will explain the products that may be available to you along with the timing to complete the process.
Within a few days of receiving your signed application, the loan officer will review your unique situation as well as your income and property appraisal to provide you an estimate of the fees and terms of the loan.The appraisal is an estimate of the price you may be able to sell your home for. Nationstar Mortgage LLC may hire an appraiser to determine the fair value of a specific property. The company works with appraisers who adhere to the USPAP (Uniform Standards of Professional Appraisal Practice).
Nationstar realizes that budgeting for large expenses such as taxes and property insurance can be difficult. The company can help you set up an escrow account to make the entire process easier. Through an escrow account, you can include funds for insurance and taxes within your monthly mortgage paymentand ease the burden of having to pay taxes in lump sums.
Nationstar Mortgage LLC may handle the escrow account on your behalf and distribute the payments as needed to taxing authorities and insurance companies. After the escrow account is set up, a loan officer will work together with Nationstars underwriting department to ensure they have the required information to review the loan for approval. Once the loan is approved, it goes to closing which includes the delivery of deed, finalizing documents and providing funds to the customer. For more information, please visit www.nationstarmtg.com
