After you pay the application fee, these are the next steps:
We perform a soft-pull (no impact to your credit) of your FICO score
We perform an instant valuation of your property
We use this data to automatically approve you for a loan
You will see your loan amount and associated costs
You can download your Proof of Funds and Term Sheet
We will then schedule a quick call with a Loan Advisor to go over any open questions, and schedule a property appraisal
The automated underwriting process takes less then 5 minutes, after which you could be approved for a loan, with a Proof of Funds letter available for instant download.