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Commercial Loan Process

 
Borrower
Acorn Investment
1
Qualification and
Pre-Approval
 Submits to Acorn Investment:
  • 1003 application and loan
    submission form
  • Tri-merged credit report
  • Purchase and sales contract
    if applicable.
 Issues to borrower Conditional
Pre-Approval Letter within 48hrs
of complete package submission
stipulating:
  • Loan amount
  • Rate
  • Documents required for Underwriting
  • Documents required for closing
2
Underwriting
  • Signs pre-approval letter and
    appraisal processing fee and
    returns to Acorn Investment
  • Provides all additional information
    and documentation
  • Orders appraisal
  • Orders title
  • Conducts fraud guard
  • Obtains environmental insurance
  • Conducts real estate and income
    analysis (when applicable).
3
Closing & Funding
  
  • Coordinates w/ Title company &
    attorney
  • Prepares all loan docs and sends to closing agents (same day funding available for purchases).
  • Sends completed docs to custodian for review.
  • Issues funding next day.
(951) 534-3345
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Acorn Investment Tree, Ltd.
3998 Park View Terrace
Riverside, CA 92501
Phone (951) 534-3345
Fax (951) 616-2033

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©2007 Acorn Investment Tree, Ltd. All rights reserved.