PreferredVentures.com


		1880 Century Park East, Suite 714 Los Angeles, CA 90067 P (310) 788-0022 F (310) 788-0044 Toll Free (877) 788-0011

HOME LOANS

ABOUT US

With extensive industry experience, Preferred Lending Group is unique in its effort to keep the customer our priority. We pride ourselves on communication, availability and friendliness. Finding a program tailored to the homeowner not only ensures the best loan possible, it builds trust and satisfaction. With so many unknown terms, Preferred Lending Group helps educate homeowners on options and products so they that are never lost during the process.

The benefits of Preferred Lending Group are not limited to our knowledge. Having a hand picked network of top professionals for appraisers, escrow officers, title officers and lenders cuts down unnecessary time delays and fees. We all know how important closing on time is and we feel it should not have to be asked or stressful.

We have pride in our "team" and hope to work with you soon!

Preferred Lending Group is dedicated to providing fast and easy home loans. It is our hope for you to be a customer for life. We look forward to establishing our relationship and showing you our passion for excellence.

With an energetic team of highly motivated individuals readily eager to assist you in all of your real estate needs, Preferred Lending Group promises to be all that you expect from an elite mortgage company. Efficiency and perfection are our standards while excellence and expediency are our tradition. With an intelligent and aggressive staff, we promise to fulfill your expectations and close your loans on time. While other firms focus on volume and bottom line, we choose to dwell on service and results. We strive to not only be available to calm your every concern, we also hope to build your confidence through our professionalism and results. We take each loan seriously and assure our willingness to go the extra distance to complete your loan. But words mean nothing compared to actions. We tempt you to utilize our services so that you may see, firsthand, what quality and service mean to us. Still not persuaded to stop using that broker you are not completely satisfied with? Preferred Lending Group promises to credit your buyer
the full appraisal fee upon the funding of your first loan. Enticing? We at Preferred Lending Group are so confident in our abilities that we are willing to give a little incentive to make your life stress-free. We know we will shock you with our quick turnaround and we anticipate your amazement at the ease of your loan closings. How could you tolerate anything else?

Why is it that you aren't using Preferred Lending Group? In house and large firms are unable to specialize and adapt to your needs and preferences. Our expertise and professionalism thrive on your satisfaction and we will do whatever is necessary to achieve repeat business. You are, after all, our preferred client and your loans are given preferred treatment.

THE PREFERRED LENDING PROCESS

The paperwork involved in the home loan process can be extensive. While Preferred Lending Group insists to maintain its integrity and compliance with state lending laws, we do aim to minimize unnecessary paperwork. The proper forms and disclosures will always be given upfront in a timely manner for you to review and ask questions. We want you to be informed every step of the way.

1. You and a loan officer will complete a loan application. General disclosures will be
sent to you.

2. Your credit report will be pulled and analyzed. A copy is available to you at your request.
Based on your application and credit, our consultants will discuss all options and
together, we can decide what you feel is your best direction.

3. From this decision, documentation may be gathered and the loan is processed and
submitted for lender review.

4. An appraisal is ordered and an appraiser will set up an appointment with you to inspect
your property.

5. The lender reviews your file and a set of conditions is usually issued. A loan processor
will request all necessary items from you, title, escrow and the appraiser.

6. Once these have been satisfied, loan documents are sent to escrow and will
be prepped for you to sign. A knowledgeable notary or doc signer will be with you to answer any questions that arise. Your loan officer is also readily available for quick answers. For refinance transactions on your primary residence, a 3 day waiting period begins.

7. After signing, loan documents are reviewed by the lender and a prior to funding checklist is issued. These are usually internal conditions for the processor to handle and may or may not involve additional items from you.

8. Once these have been satisfied, your loan is funded

9. Money is wired to title who will make the necessary payoffs on the
property for any existing mortgages, liens and taxes.

10. The loan is recorded the next day and any additional money that has not gone to
payoff existing liens will be wired to escrow.

11. Escrow (or the closing agent) will then reconcile the file and issue any checks to necessary parties. This includes any cash out or seller's proceeds. This completes the loan transaction.

Preferred Lending Group promises to close your loan as fast as possible. We encourage all questions and look forward to speedy and successful loan closings!

With a huge selection of products available, it is vital you choose the best program for your situation. Please click here for Loan programs and their descriptions.