Application

Your UAMC Home Loan Advisor will help you complete a mortgage application either in person, by phone, by mail or online. During the application process, your Home Loan Advisor will assist you in determining which is the best mortgage program for your needs. They will also provide you with a Good Faith Estimate of the funds you will need for closing along with all Federal and State required disclosures.

The loan program that you and your Home Loan Advisor decide upon will determine which documentation you will need to provide to complete your application. To help expedite the process it is suggested that you have the following items available:

• Value of assets, including cars, stocks, real estate, personal property, pensions and investment accounts etc.
• Two most recent statements from your bank, investment and retirement accounts.
• Pay stub(s) for the last 30 days showing year-to-date and the current earnings period.
• W-2s and 1099s for the past 2 years.
• Self-employed applicants may also need to provide Federal tax returns from the past two years, 1040s and a year to date business profit and loss statement.
• A summary of your current monthly payments and your outstanding mortgage balance.

Underwriting

Once your loan application is complete it will be submitted to the UAMC Underwriting Team. The Underwriter will review your loan application, ensure that all of the necessary information and documentation is in your file and will make the final decision on loan approval.

Loan Processing

Once your loan is initially approved your UAMC Loan Processor will be your primary contact throughout the mortgage process and until it is time to schedule your closing. Your Loan Processor will also assist you if there are any outstanding conditions, which need to be addressed in order to receive final loan approval.

Pre-Closing

Several weeks before your closing, your Home Loan Advisor will contact you to lock the interest rate on your mortgage.

You will need to arrange for homeowners insurance coverage before you close on your home and provide a copy of your policy or your agent's contact information.

Closing

Congratulations! You are in the final step of the loan process: the closing. You will be contacted to confirm the schedule of your closing. Many Lennar and UAMC Customers use the closing and title services of North American Title Company, which is part of our Lennar family.

At the closing, you will review and sign all of the required documents with the closing Agent/Attorney. After you have signed the loan documents they will be recorded and you will officially become a homeowner.

What to bring to closing:

• Certified funds:
• One of the most important things that you must bring is a cashier’s check in the amount of the funds needed to close the loan. Your closing agent will provide you with instructions and the final amount of funds needed for closing.
• Identification:
• You are required to bring your driver’s license, passport or other government issued photo identification to closing.

After Closing

After closing, UAMC may transfer your mortgage to a different company, which will then become your loan servicer. The transfer of your mortgage will not change any of the terms of the loan program. Once the transfer is complete you will receive the proper notification.