The chart below explains what occurs at each stage of our loan processing. It lists all the possible loan statuses to provide a cohesive overview of the process from start to finish.
That does not mean that every loan will be assigned to every status. Some loans will skip statuses like Disclosure Incomplete, Submission Incomplete, Loan Suspended, and Docs On-Hold.
TPO Connect Status
|Started||The loan is imported and pricing is available.|
|Disclosures Requested||The loan is being reviewed by the Disclosure Desk.|
|Disclosures Incomplete||The disclosures are processed but are not sent due to missing items.|
|Disclosed||The initial disclosures have been sent.|
|Sent to Submissions||Uploaded documents are being reviewed by the Submission Desk.|
|Submission Incomplete||Uploaded documents for submission do not meet requirements.|
|Submission Resubmitted||Additional submission items are being reviewed by the Submission Desk.|
|Submitted||The loan has been submitted for underwriting.|
|Suspended||Additional documents are required to render an underwriting decision.|
|Suspense Resubmitted||Additional conditions are being reviewed by the Underwriter.|
|Approved||The loan has been approved based on the terms provided.|
|Resubmitted||Additional conditions are being reviewed by the Underwriter.|
|Final Approval||All PTD conditions are cleared.|
|Clear to Close||The loan is ready for Docs.|
|Docs Ordered||The Doc Drawer is preparing the loan documents.|
|Docs On-Hold||The Docs are processed but are not released due to missing items.|
|Docs Out||The Docs have been sent to title/escrow.|
|Docs Received||The Docs are returned and assigned to the Funder.|
|Funding Conditions Sent||Additional conditions are required for closing.|
|Funded||The loan is funded.|
For any questions about loan status, contact your Account Executive or Account Manager.