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Contact Us

Westpark Loans
6789 Quail Hill Pkwy #146
Irvine, CA 92603
p: 844-574-LOAN (5626)
e: info@westparkloans.com

 

Loan Application Process

At Westpark Loans, we understand that time is of the essence for our clients, so we have simplified the loan process into the following four steps:

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Step 1 – Get Started

To get started with your loan, first complete our online application here so we can get a better understanding of your specific needs and circumstances. Once complete, next please download the document below that is applicable to the type of loan you are applying for and follow the included instructions to provide the required documents. Immediately upon receipt of your application and loan documents, your loan officer will begin finding the best loan program that meets your objectives. Your loan officer will generally present you with multiple options so you can select the loan program that works best for you.

 

Start Your Application Here

 

Download Your Required Document List Below

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Step 2 – Processing

Once you select your loan program, we will assign one of our seasoned loan processors to review your application and loan documentation to confirm we have all of the necessary documents. Your loan processor will reach out to you to collect any missing documents needed. Once your loan package is complete, your loan processor will submit your file into underwriting.

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Step 3 – Approval

Your loan approval timeline will depend on the purpose of your loan (purchase vs. refinance) and type of loan (hard money, conventional, non-QM, etc.). Our fastest turn times are for hard money purchases, which are usually approved within 1 business day. Once your loan has been approved, we will request an appraisal of the property. The appraisal cost is generally the only out-of-pocket expense you will have during the loan process for refinances. In addition to the appraisal, the underwriter may request any additional documents needed before scheduling your loan closing.

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Step 4 – Closing

Once the underwriter has completed the final review of the appraisal, title, and other documentation, we will schedule closing (signing) of the loan documents. These are generally scheduled with a mobile notary in your area who will meet with you to sign at the date, time and location of your choosing. After the notarized documents have been received, the underwriter will perform one final check before funding your loan. One business day after funding the loan, the transaction is recorded at the county courthouse. After recording is confirmed, your loan process is complete!