The Ark Express Mortgage
At Ark Mortgage, we want to make the experience of purchasing your home, as enjoyable and rewarding as owning your home. We proudly introduce the Ark Express Mortgage, designed to close your loan in 21 days or less. No hassle, no headache. We do the hard work and get you home faster, easier and better.
The Express Mortgage Process
STEP 1 — UNDERSTANDING YOUR NEEDS
The secret to getting a truly great mortgage is first having a consultation with a Personal Mortgage Advisor. This allows us to understand you: your goals, your needs and your expectations. We will then craft the best options and structure your loan in a way that is most advantageous to you.
STEP 2 — COMPLETE APPLICATION
By gathering all the information up front, we can get you through the process as quickly and painlessly as possible. To ensure closing your loan in 21 days or less, we need your help getting the required documents submitted. Your Personal Mortgage Advisor may ask for items such as W2s, pay stubs, bank statements and employment history. We’ll also secure and lock the best possible rate for you and schedule the appraisal with one of our trusted partners.
STEP 3 — UNDERWRITING
Once your documents and application are submitted, we jump into action and the clock starts ticking! In less than 48 hours, you’ll get a decision – hopefully an approval with conditions. Conditions are typically small items that still need to be addressed* and are unique to each borrower and situation. Your Personal Mortgage Advisor will work with you to quickly resolve any conditions and get you on your way. Once your conditions have been cleared, our underwriters will review your loan one last time and get it ready to close.
STEP 4 — CLOSING AND FUNDING
Congratulations! You’re about to get your new home! We’ll work with the closing attorney, finalize the paperwork and schedule your closing date to make this easier for you, so you can experience a smooth, stress-free closing, the way it should be.
The Ark Express Mortgage Disclaimer
This is a simplified version of the Ark Express Mortgage for illustration purposes. Not all loans types follow the same process and some steps may not be shown here. To ensure the fastest possible closing, all applications must be complete to start the process. An application is considered complete when the standard 1003 mortgage application is complete, and all required documents are submitted, along with signed initial disclosures.
*If any conditions are required after underwriting, the borrower should return all additional requested documents within 48 hours to meet the duration goals of the Express Mortgage. In some instances, third-party services like appraisal, title, insurance, etc. may require additional turn-around time.