Need your loan closed in 8 days?? We can help

This is not a guarantee your loan will close in 8 days but simply one of my latest signings to show an example of how we close loans. This is also a way to show how a loan never sits on any one's desk when you use the Martell Group of Sterling Home Mortgage.


This borrower called me on the 26Th of September with concerns her ARM was going to adjust and she would no longer be able to afford the mortgage payment. After showing her why she should not refinance back into another adjustable rate mortgage and why she should go with a principle and interest 30 year fixed rate mortgage, she selected the fixed loan. As a Certified Mortgage Planner, I also showed her dollar for dollar what the total cost would be so she could select her best option for now and in the future. I was able to get a lower interest rate on a 30 year fixed loan than she was currently on with a 2 year ARM.

I had her complete the online mortgage application in the afternoon that day the 26Th of September. I immediately prepared the disclosures and initial loan package for her to sign digitally. The application package was signed and returned to me via secured technology the same day, in fact with in minutes of her completing them. I started my work ordering the appraisal and opening title and finding the best interest rate. After finding the best rate that was available from my 100 plus lenders, I sent the borrower a list of the documentation the lender would need to see and uploaded it to her file online. She gathered these documents and faxed them into her file using the provided bar code fax cover sheet. This automatically routed her documents to her secure file. Once the supporting documentation was received and reviewed by my processor, the interest rate was locked.

I received the appraisal on the 28th of September as well as the preliminary title report. I had a complete file ready to be submitted to the lender. We submitted this complete file and had an approval with almost no conditions. There was nothing more needed from the borrower, only minor updates to the payoff and wire instructions that we took care of immediately. The loan was ready to draw docs and have the loan signed.

The docs were sent out and ready to be signed on the 3rd of October with a minor glitch of the doc drawer setting the date for the following day, October 4th. Should they have put the day they were drawn, this loan would have signed on the 3rd instead of the 4th. Never the less, even with this 1 day delay, we were still many days ahead of schedule and way ahead of the time frame I quoted the borrower.

Again, I am not saying every loan closes this fast. I am saying when you choose The Martell Group of Sterling Home Mortgage, your loan will never just sit there. We are averaging less than 15 days on refinance transactions that aren't special circumstances or over equity programs. We have partnered with some of the finest appraisers, title companies and lenders to make the process simple and quick.

Please try us once and you will see why we are your preferred mortgage broker in Arizona.

We can help you with mortgages in Arizona, California, Minnesota, New Mexico, South Dakota, Wyoming and Alaska. Please apply online at the following website for any of these States.

Online Mortgage Application
Mention this blog for a $250 credit at closing. You don't need to mention it until we quote you the best interest rate we can find. This proves it is not padded into the loan and is truly a $250 gift from The Martell Group to YOU for just applying online.