The GenEquity Mortgage Process

  • Home Finance Consultation – Your process will begin with a free no obligation consultation that will help you discover your purchasing power and to explore the best financial solutions to help you achieve your objectives in your new home purchase.
  • Apply for Your Loan – An experienced Residential Mortgage Loan Originator will walk you through the application process, explain the mortgage process and the benefits available to you, and provide you with a pre-approval letter that will equip you for the next step in the home purchase process. You can start the process calling 888-436-3789 or going online to https://genequity-com.mysecureloan.com/applications/page1.php?lng=en and filling out our form.
  • Select a Home – The next step will involve your efforts to find the best home for your needs through your local real estate professional or on your own. Once you have found your new home, you will submit an offer to purchase the home. At the time you submit your offer, be sure to include the correct information related to your desired closing experience as discussed with your Residential Mortgage Loan Originator. This is where the closing of your home is determined between you and the seller.
  • Secure Your Rate and Mortgage Product – Once you have obtained a signed contract to purchase your new home, you will want to contact your Residential Mortgage Loan Originator to secure your rate and financing terms. Your Consultant will help you with your expert rate comparison shopping through our multi-lender approach that will provide you the most competitive rates and products available. Once you have secured your rate and product, you will receive an opening set of documents detailing the information surrounding the financing of your new home and help you understand exactly what will be needed in order to complete the processing of your home loan. 
  • Processing of Your Loan – The processing of your loan will include an appraisal, review of the title information, and the gathering of all of the necessary documentation to complete the loan process. During the processing of your loan, you will need to secure home owners insurance for your new home through a provider of your choice. Your Residential Mortgage Loan Originator and their team of operations specialists will be in contact with you throughout the process to keep you informed and prepared for the actual closing experience. 
  • Closing of Your Loan – Depending on your desired closing method, GenEquity will work with the title company or closing attorney to ensure that the information is correct and that your closing experience is positive. You can rest assured that your closing experience will be efficient, accurate, and hassle free.
  • What To Expect After Closing – After your loan closes, you can have confidence that your home loan will be serviced by one of the nation's leading servicers. GenEquity will notify you of who your new servicer will be and you will also receive a welcome letter from your new servicer. This change will have no impact on your loan terms. Your new servicer will provide you information on establishing on-line or direct payments from your checking/savings account for convenience purposes. 
  • Your Feedback is Important to Us – At GenEquity we value your feedback to continue to maintain and enhance the best in class service our customers have come to expect. As a result, you will receive a survey via email after you have closed on your new home. We sincerely appreciate you taking the time to complete this on-line survey.