Home Ownership

ABOUT KRISTINE KENNEDY

OVER 28 YEARS EXPERIENCE AND OVER 310 MILLION IN CLOSED HOME LOANS!

Buying a home is one of the biggest investments that you will make in this life and who you choose for your mortgage goes hand in hand with the story that you will tell years later about your home buying experience. There have been many industry changes, but there are a few constants that stand the test of time that customers want the BEST PRODUCT for their situation, the BEST DEAL, and the BEST EXPERIENCE while purchasing their new home.

My 28 years of experience is my #1 asset. There are 50 milestone points to a mortgage and many people who touch the file from the signing of the contract to the closing table.

My experience makes me the BEST person to manage those milestone points and people. I can find the solutions, and I use my creative thinking to navigate through the problems that could arise at each milestone point.

The key to my "BEST EXPERIENCE EVER" is systems, systems, and more systems. I broke down the milestone points and created systems so many of the pieces have been deleted, they are done automatically, or they are done by only the BEST people in the city. I uniquely understand the realtor’s point of view. Realtors want to know that their buyer is going to be treated like family, the lender is going to be available every step of the way, and they want to have communication on the milestone points from the signing of the contract to the closing table.

The contract is the most important part of the transaction because it has timelines such as how many days a borrower must make loan application, timelines to have loan approval, and timelines to close on the home. Although a mortgage company is not a party to the contract, the mortgage company is the single part of the transaction that can train wreck your file and kill the dreams of home ownership for the buyer. I learned a long time ago to make the contract the most important piece of the file, follow all the timelines, meet all the timelines, and make sure every closing is on time, EVERY FILE, EVERY TIME!

Milestones To A Mortgage

We highlight the mortgage process with you in the beginning then we can work together on each step and make this the BEST EXPERIENCE! We will keep you updated every step of the process with email, texts, and weekly phone calls.

Click Here To See All 50 Milestones!

1. Mortgage Milestone: This milestone is when the borrower gathers their loan documents required for the file. You can make an appointment to give the team the loan documents in person, email, fax or upload the documents to the portal.

2. Mortgage Milestone: This milestone is when the team and the borrower completes the loan application.

3. Mortgage Milestone: This milestone is when the team sends the borrower the loan application and other disclosures to sign electronically.

4. Mortgage Milestone: This milestone is when the borrower clicks through and electronically signs the loan application and other disclosures.

5. Mortgage Milestone: The milestone is when the team submits the file to set up.

6. Mortgage Milestone: The milestone is when the team submits the file to processing.

7. Mortgage Milestone: This milestone is when the team sends the borrower an email to enter their credit card information to pay the appraiser to complete the appraisal.

8. Mortgage Milestone: This milestone is when the borrower pays for the appraisal.

9. Mortgage Milestone: This milestone is when the team orders the flood certificate for the property- if the property is in a flood zone, then the borrower will have to sign the flood certificate page and purchase flood insurance.

10. Mortgage Milestone: This milestone is when the team orders the title work from the closing agent.

11. Mortgage Milestone: This milestone is when the team orders the appraisal. The appraiser will contact the seller’s agent to make an appointment to gain access to the home. They will compare the home to other homes that have sold in the area.

12. Mortgage Milestone: This milestone is when the borrower gives the team a point of contact for who they want to use for homeowner’s insurance.

13. Mortgage Milestone: This milestone is when the team orders the homeowners insurance from the insurance company.

14. Mortgage Milestone: (IF APPLICABLE) This milestone is when the team orders the condo docs.

15. Mortgage Milestone: (IF VA) This milestone is when the borrower or realtor provides the team with a clear WDO and the invoice.

16. Mortgage Milestone: (IF APPLICABLE) This milestone is when the team sends the first-time homebuyer course to the borrower for the borrower to complete.

17. Mortgage Milestone: This milestone is when the team reviews all the documents.

18. Mortgage Milestone: The milestone is when the team submits your file to an underwriter for approval.

19. Mortgage Milestone: This milestone is when the underwriter issues a conditional approval and gives a list of what we need for the file.

20. Mortgage Milestone: This milestone is when the team reviews the list from the underwriter.

21. Mortgage Milestone: This milestone is when the team emails the borrower a list of the
items that are required for the file.

22. Mortgage Milestone: This milestone is when title work is received from the closing agent.

23. Mortgage Milestone: This milestone is when the survey and invoice are received from the closing agent.

24. Mortgage Milestone: This milestone is when the homeowner’s insurance is received from the insurance agent.

25. Mortgage Milestone: This milestone is when the borrower sends the team the next bank statement where the binder cleared their bank account.

26. Mortgage Milestone: (IF APPLICABLE) This milestone is for the borrower to send over their current mortgage statement showing that their mortgage payment is current and paid.

27. Mortgage Milestone: This milestone is when the borrower provides a point of contact for a verification of employment.

28. Mortgage Milestone: This milestone is when the borrower returns the list of documents back to the team to review.

29. Mortgage Milestone: (IF APPLICABLE) This milestone is when we get the power of attorney executed and approved.

30. Mortgage Milestone: This milestone is when the appraisal is received from the appraiser. We will email the borrower and the buyer’s realtor a copy. We will also upload the appraisal to the portal.

31. Mortgage Milestone: (IF APPLICABLE). This milestone is when the team updates the appraised value in the file.

32. Mortgage Milestone: This milestone is when the borrower electronically signs the appraisal acknowledgment form in the loan portal.

33. Mortgage Milestone: This milestone is when the team submits the file back to underwriting for review with the documents that have been received to see if any other documents are required.

34. Mortgage Milestone: This milestone is when the team requests the preliminary closing disclosure.

35. Mortgage Milestone: (IF APPLICABLE) This milestone is when the team will send out the preliminary closing disclosure for down payment assistance.

36. Mortgage Milestone: This milestone is when the team emails the preliminary closing disclosure to the borrower. This is not your final number, but it keeps the file moving forward.

37. Mortgage Milestone: This milestone is when the borrower signs the preliminary closing disclosure.

38. Mortgage Milestone: This milestone is when the team submits the file back to underwriting for the underwriter to review all the requested documents.

39. Mortgage Milestone: This milestone is when the underwriter issues full loan approval.

40. Mortgage Milestone: This milestone is when the team completes the 10-day verification of employment to verify the borrower is still employed.

41. Mortgage Milestone: This milestone is when the team pulls a soft credit report to make sure that there are no new credit lines reporting.

42. Mortgage Milestone: This milestone is when the team pulls the final invoice for the credit report.

43. Mortgage Milestone: This milestone is when the team submits the file to the closing department.

44. Mortgage Milestone: This milestone is when the borrower tells the team if they would like a hybrid closing to sign 50% of their closing docs electronically or if they would prefer to sign all of the closing docs with a pen.

45. Mortgage Milestone: This milestone is when the team asks the title company to give the borrower the wiring instructions for closing day.

46. Mortgage Milestone: This milestone is when the team sends the FINAL closing disclosure to the borrower with the real numbers. We will send the borrower and the buyer’s realtor a copy for review. We will also email the closing agent to send the borrower the
wiring instructions.

47. Mortgage Milestone: This milestone is when the team clears the loan to close.

48. Mortgage Milestone: This milestone is when the closer sends the closing package to the title company and the borrower through the “Snap Docs” portal.

49. Mortgage Milestone: This milestone is when the borrower wires the funds to the closing
agent.

50. Mortgage Milestone: This milestone is when the closing date has arrived. If the borrower chooses a hybrid closing, then the borrower will sign 50% of the documents electronically the morning of closing.

I look forward to helping my buyers have the BEST EXPERIENCE while achieving the DREAM of HOME OWNERSHIP!

See How Much Your Home is Worth HERE

Home Ownership

Home Ownership

ABOUT KRISTINE KENNEDY

OVER 28 YEARS EXPERIENCE AND OVER 310 MILLION IN CLOSED HOME LOANS!

Milestones To A Mortgage

Click Here To See All 50 Milestones!

I look forward to helping my buyers have the BEST EXPERIENCE while achieving the DREAM of HOME OWNERSHIP!

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