The process
Four stages. Nothing here replaces required federal or state disclosures.
1. Pre-approval conversation
State of the property, occupancy, documentation path, credit self-report, and a reality check on down payment and reserves. If Billy is not individually licensed in that state, the file is routed to a licensed originator or declined.
2. Application & processing
URLA, intent-to-proceed, credit pull with authorization, disclosures (Loan Estimate when applicable), and document collection. Non-QM adds bank statements, leases, or asset statements depending on the program.
3. Underwriting
Investor guidelines, appraisal or alternative valuation, title, HOI, and conditions. DSCR files live or die on rent support and ratio floors.
4. Clear to close
Final figures, CD review time, signing, funding, and recording with the county. You can walk away before you accept a commitment. No website form is an application until the official package is completed.