About
Long 100
Your Mortgage Journey Starts Here
Navigate the mortgage process with confidence. Understanding each step helps you feel comfortable and spot any issues early. Most loans close in 4-10 weeks, with some qualifying loans closing in as little as 30 days.
Step 1
Apply for Your Loan
The application process involves filling out forms, signing authorization documents, and submitting required documentation like bank statements, pay stubs, and W2s. Everything is handled electronically for your convenience.

Critical Timeline: Submit all documentation within 2 days of your lock date. The next process cannot begin until documents are received.
Step 2
Mortgage Processing
01
Document Verification
Processor validates all information for accuracy and completeness.
02
Third-Party Validation
Verification requests sent to employers, landlords, and lending institutions electronically.
03
Appraisal & Title
Property appraisal and title policy are ordered during this phase.
04
Package Preparation
Complete file packaged per lender specifications and sent to underwriting.
Processing Timeline
1
Standard Processing
1-2 weeks for traditional loan processing
2
Automated Systems
3-5 days with DU or LP qualification
3
Potential Delays
Third-party responses or appraisal delays may extend timeline
Desktop Underwriting (DU) and Loan Prospector (LP) are automated systems that can cut documentation requirements in half, significantly speeding up the process depending on processor volume.
Be Responsive to Document Requests
48-Hour Rule
All document requests must be completed and submitted within 48 hours of notification.
Work Closely With Your Processor
Your assigned processor ensures your loan closes on time. Quick responses are essential.
Avoid Delays
Failure to respond promptly can impact your closing date and result in rate extension fees.
Step 3
Mortgage Underwriting
The underwriter reviews your complete loan package to ensure it conforms to all guidelines. They examine the appraisal, title report, and may conduct additional validation of employment, mortgage payments, and credit.
Underwriters have ultimate decision authority over loan approval. Processing time depends on market volume: up to two weeks during heavy periods, or 3-5 days under normal conditions.
Automated Underwriting Advantage
Computer Decision
Automated system makes approval decisions quickly and efficiently.
Less Documentation
Reduced paperwork requirements speed up the entire process.
Streamlined Review
Underwriter only reviews supporting documentation and appraisal.

Important: If any documentation is missing, inaccurate, or doesn't match your 1003 application, the loan will be kicked out of the automated system until requirements are met.
Step 4
Conditions To Close
1
Underwriter Review Complete
Conditions sent to processor
2
Additional Documentation
Requirements for supporting files
3
Needs Satisfied
All conditions met
4
Final Approval
Clear to close issued
Conditions to close are typically requirements for further documentation to support your file. Once these needs are satisfied, the underwriter gives final approval and clears the loan to close.
Step 5
Clear To Close
Scheduling Your Closing
Once the processor receives clear to close, they coordinate with all parties to schedule the time and location for signing final documents. This scheduling process normally takes just one hour.
Document Preparation
The lender draws the document package and sends it to the closing company via overnight delivery, fax, or electronically. This takes 1-2 days.
What Happens at Your Closing?
Closing is the final step in the home-buying process where all parties finalize the transaction by exchanging signatures, checks, and ultimately, house keys.
Sign Documents
Review and sign all final paperwork with the closing agent.
Exchange Funds
Final payments and checks are processed and verified.
Receive Keys
Pick up your keys and officially become a homeowner!
Loan Type Variations
Second Mortgage
With good credit and equity, appraisal may not be required. Faster processing possible.
Line of Credit
Equity-based lines can be completed in weeks with some lenders.
Automated Processing
DU or LP qualified loans can close in less than 60 days, sometimes as little as 30 days.
Different loan types require different documentation. Your loan originator will walk you through the specific process for your loan type so you know exactly what to expect.
We Will Find the Right Mortgage For You
New Mortgage – Where mortgages are only the beginning
Address
New Mortgage
3284 Pond Springs Road, Ste 405, Austin, TX 78729
MLO License Info
Zendo LLC dba New Mortgage
NMLS# 275971
Winnie Wu | NMLS# xxxxx