You will need to provide credit, income, asset, and liability information, including your income, residence, and personal identification. Save time and expedite your application by collecting it before you begin the process.
Here's the information you'll need to have handy:
As we continue with your loan process after your online pre-approval, you will need to supply us with pay stubs from your employer covering the last 30 days prior to completing your loan application.
If you are self-employed or compensated by commissions, you will need to supply your federal tax returns for the most recent year you filed and the year preceding that one (two years total).
After you complete your application, ditech will review your information in order to assess the risk involved with your particular loan and situation. ditech also prepares the necessary documentation to process the loan and satisfy government regulations.
If you are approved, you will be presented with a short list of documents you will need to provide to allow us to process your loan. These items will primarily include verification of your income and perhaps a request for W-2s, income tax returns, or similar information.
Immediately after your online pre-approval, you will be mailed a loan application for review. It will contain all of the information that you've entered during your online session. Please review it carefully and make any corrections or changes that you feel are necessary. ditech will contact you with specific requests for any additional information that you may need to provide. ditech may also need to discuss your credit history with you.
Our rolldown option allows you to refinance with few upfront fees! While the rate is slightly higher, you will pay few upfront fees to get your new loan. In effect, as long as our rolldown rate is lower than your existing rate, it makes financial sense to refinance because there is little or no cost in doing so.
* A "rolldown" loan is one in which the lender pays all non-recurring closing costs for the borrower. The borrower is still responsible for paying all prepaid interest, property taxes, and hazard insurance, as well as all other recurring items. Minimum loan amount for the rolldown is $150,000. Closing costs assume that the borrower will escrow monthly property tax and insurance payments.
ditech's streamlined, centralized, and high-tech business method completes most of the work for your pre-approval by the time you get your online pre-approval. The bottom line is that you simply won't have to wait long and you won't be waiting in suspense. You'll already be conditionally approved.
For a purchase, you will be using an attorney, escrow company, or title insurance company, depending on the state in which you live. In some states, for a refinance or second mortgage, ditech will send a document signer to your home or another place that you designate so you can sign all your loan documents.
You can talk to a mortgage consultant at any time by calling 1-800-DITECH-3.
You can talk to a mortgage consultant at any time by calling 1-800-DITECH-3, or by clicking on the Live Chat icon from any page.
A ditech mortgage consultant will confirm the information on your application and will contact you. He or she will then turn the application over to a loan processor, who will monitor the progress of your application until closing or will notify you in writing that your loan has been declined.
ditech's SSL Public Key has been certified by Entrust.
Protecting your personal information is very important to ditech. We know that it is essential to keep our communication with you private. That's why we have obtained a certified Secure Server ID from a trusted third party.
Secure Server IDs are also known as digital certificates. They bind an identity, in this case ditech, to a pair of electronic keys that can be used to encrypt and sign digital information. Our unique Secure Server ID ensures our authenticity to you, assuring that you are really dealing with ditech and not an impostor. It also allows our communication with you to be encrypted so that no third parties can access it. It guarantees that only ditech will be able to see the personal information you exchange with our site.
It is important that eBusinesses obtain Secure Server IDs from a trusted third party, also called a Certification Authority. We chose Entrust as our Certification Authority because they are a leading provider of Internet trust services. The Secure Server IDs issued by Entrust are based on the strongest SSL-based encryption technology available.
Entrust provides the critical Web identity and authentication credentials that companies need to conduct secure online business. For more information, please visit www.entrust.com.
You can talk to a mortgage consultant at any time by calling 1-800-DITECH-3 or by clicking on the Live Chat icon from any page.